Personal Insolvency
Personal insolvency is a daunting prospect for most individuals, and seeking debt relief can be both complex and a taxing time. It’s HM Advisory’s goal to provide a range of services and advice that address personal insolvency challenges, delivered clearly with respect and professionalism. With offices across the country, HM Advisory can offer assistance with personal insolvency services from Perth to the heart of Melbourne.
Overview Of Bankruptcy
Bankruptcy Services
Alternatives To Bankruptcy
Personal Insolvency Services in Melbourne, Sydney, Perth, Brisbane, and the Gold Coast
Personal insolvency is a daunting prospect for most individuals, and seeking debt relief can be both complex and a taxing time. It’s HM Advisory’s goal to provide a range of services and advice that address personal insolvency challenges, delivered clearly with respect and professionalism. With offices across the country, HM Advisory can offer assistance with personal insolvency services from Perth to the heart of Melbourne.
Our solutions are designed to assist all parties, whether you are an individual, a creditor or an organisation involved in insolvency proceedings. No two cases are identical, and the HM Advisory team partner closely with our clients to gain an in-depth understanding of their individual circumstances. Our tailored advice assists our clients in making informed and considered decisions. The result is agreeable, straightforward and optimised outcomes.
Bankruptcy and Personal Insolvency Services in Sydney, Melbourne, Brisbane, Gold Coast and Perth
To appoint a Restructuring Practitioner (RP), Directors must hold a meeting and resolve:
• That the Company is Insolvent or likely to become insolvent at some point in the future.
• That an RP should be appointed.
A RP must also consent in writing to the appointment, and Directors must confirm the appointment of a RP in writing. A set fee is payable to the RP for the SBR, which is agreed prior to appointment.
A RP may also ask for further remuneration if additional work needs to be undertaken, such as court proceedings with Director consent. The ‘Proposal Period’ following the appointment of a RP typically last 20 business days, during which the Company and RP must work to formulate a Plan. During this time, the Company must publicly disclose the appointment of the RP.
Read more about our personal insolvency and bankruptcy services below, or contact us today for a free, no-obligation consultation.
Leading Solutions for Bankruptcy and Personal Insolvency Matters in Brisbane and Across Australia
The respected team at HM Advisory are committed to delivering stress-free and honest services for all insolvency situations.
Our qualified staff can serve as a trustee in bankruptcy cases, offering professional and compassionate services across:
- Debtor’s petition
- Creditor’s petition
- Insolvent deceased estates
- Section 73 Composition
- Annulment
We also work with our clients find alternatives to bankruptcy declarations, if their individual circumstances allow. These alternatives can include:
- Informal arrangements
- Personal Insolvency Agreements
(Part X)
We're here to help
If a business you’re involved with may require our services, please feel free to contact us for an initial consultation – this is free of charge and without obligation.
Victoria
Level 21, 114 William Street
Melbourne VIC 3000
PO Box 117
Collins Street West VIC 8007
T (03) 8866 7600
F (03) 9428 4152
Western Australia
Suite 4, Level 3
16 Victoria Avenue Perth WA 6000
PO Box 6243
East Perth WA 6892
T (08) 9334 7400
F (03) 9428 4152
Queensland
Level 14, 15 Adelaide Street
Brisbane QLD 4000
PO Box 13127
George Street Brisbane QLD 4000
T (07) 3129 0438
F (03) 9428 4152
New South Wales
Level 12, 503 Kent Street
Sydney NSW 2000
PO Box Q904
Queen Victoria Building NSW 1230
T (02) 8270 6900
F (03) 9428 4152