For years, Debt Rescue has been helping individuals with their personal finance by providing a range of debt relief solutions. Now, we are proud to announce, we have expanded our offering to include business debt services as well. Often, individuals who are struggling with personal debt are also trying to juggle a small business or even manage a company. Their personal debt problems are also effecting their business and they need help across the board to get their finances back on track.
Debt Rescue recognised the need to offer a complete range of debt relief solutions and teamed up with Revive Financial to provide business debt services. Revive Financial invests the time and money to ensure their team of trained professionals can help you with your financial situation. Their staff includes a number of license holders to provide a comprehensive, all-inclusive service. The team consists of chartered accountants, Registered Bankruptcy Trustees and Liquidators regulated by Australian Securities and Investment Commission (ASIC).
Revive Financial is also a member of a number of associations including:
- The Australian Restructuring Insolvency Turnaround Association (ARITA)
- Turnaround Management Association (TMA)
- The Institute of Chartered Accountants in Australia (CAANZ).
Together with Revive Financial, Debt Rescue can now help you with Voluntary Administration, winding up your business and business turnaround.
If your business is beginning to struggle financially, there are things you can do to turn it around. Sometimes you need to take a step back, review your business structure and try again. We can help you go over your business, identify areas for improvement and implement a turnaround plan.
For short-term cash flow restrictions or if you hit a bump in the road, you may consider Voluntary Administration for your business. It allows you to continue trading while undertaking a formal restructure. In the voluntary administration period lasts for 20 days which allows you to negotiate with your creditors and improve your situation.
If your business can't be turned around, you might decide to wind it up. When this happens, a liquidator is appointed to wipe the debts and deregister the company. Company Liquidation helps the directors comply with their statutory duties to prevent them from trading insolvent.
Get Help Now
If you are looking for help with your personal or business finance, call us today on 1800 560 572. You can read more about how we can assist your business by visiting our Business Debt Page or call us now to speak to a Case Manager.
For more information on business debt and how we can help, check out our business debt page.