Administration is where a business entity is unable to pay back their debts to the creditors when it falls due thus leading to a situation of Bankruptcy. If your business is running at loss and you foresee insolvency, this situation may seem to be out of hands.
Business owners can opt for external administration and take help of experienced advisors who can help save their business and buy some time from creditors.
The Brisbane Debt Solutions administration process is designed to simplify the stressful business of debt. We are focused on your outcomes, not our own; we will work with you and only you to ensure you have our equivalent attention.
Administration is easy with Safe Guard Insolvency
Administration is either voluntarily chosen by the company or imposed by the court. In these cases, the Administrator is an experienced licensed professional who helps save the company from bankruptcy by:
- Bringing the company to a situation where either it can pay off its debts by cutting the corner on management related expenditures
- Makes decisions that enable the company to pay off its debts without going straight into liquidation
- Bridges the gap between creditors and business owners and helping them by out some time from the investors
- Takes necessary decision for the welfare of creditors and business
When you appoint an administrator, he takes control of the company from the directors. The administrator has a number of powers that enable him to make important business and financial decisions to sustain or dissolve the company.
Brisbane Debt Solutions understands that for any business, administrative processes can be an intimidating aspect, so the company prioritizes deep analysis to provide the best possible solutions.
So, if you think your business is facing a financial crisis, are you planning to close your business as the only solution, are you unable to pay your creditors in time, or do you want to analyse your options before you take the final decision, please feel free to contact us.
If the answer is yes to any of these questions, and you are ready to move forward on the next step of your journey with us, please do not hesitate to contact us at 1300 88 70 93. One of our experienced practitioners will get in touch with you to guide you through our expert solutions for your business model.