- Informal Workouts and Debt Restructuring
The simplest definition of a Workout is that a Workout is a process for the rescue or resuscitation of a financially distressed company which is supported by…
- The Workout Process
A Workout or debt restructuring will be essential where:
* there is the potential for a viable business after the workout;
* the value of the…
- Causes of Corporate Underperformance
A variety of events could lead to a company being in financial distress, including:
* loss of key management;
* Unexpectedly poor performance,…
- The Investigating Accountant and Monitoring Accountant
Typically in a Workout process, the creditors will require the involvement of an Investigating Accountant. The role of the Investigating Accountant is to:
…
- Formal Appointments – an overview
TYPE
COMMENCED BY
REASON
WHO MAY ACT
APPOINTEE TITLE
POWERS FROM
INDIVIDUALS
BANKRUPTCY
Creditor or debtor
Realise assets to pay…
- Property & Construction
Property and construction businesses today operated in an increasingly dynamic and competitive environment. The difficulties began in December 2007 when the…
- Guidance for Unsecured Creditors
Insolvency law and practice is a complicated area. The foundations of insolvency law come from the Corporations Act and the Bankruptcy Act. Laid on those…
- How to Recognize Insolvency
In a legal sense, insolvency is discussed in section 95A(1) of the Corporations Law. A company is insolvent if it cannot pay its debts as and when they fall…
- Effects of insolvency On Directors, Creditors and Advisors
We have outlined below, the effects of insolvency on the directors, advisers, secured and unsecured creditors, but also what actions each of those parties are…
- VAs from a Lessor’s perspective
Voluntary Administrations pose specific problems for lessors. Detailed below, are a number of questions regularly asked by lessors who are faced with a…
- Key Legal Provisions for Creditors
There is always a risk element for lenders, financial institutions and creditors of companies. It is important to have some knowledge of the law relating to…
- Independence of external administrators
If a company is insolvent or in financial difficulty, it can be put into external administration. The three most common forms of external administration are…
- Guidance for Secured Creditors
Insolvency law and practice is a complicated area. The foundations of insolvency law come from the Corporations Act and the Bankruptcy Act. Laid on those…
- Voluntary Administration
Voluntary Administration places an insolvent company in the hands of an independent person who can assess all the options available to generate the best return…
- Liquidation
The Corporations Act sets out the rules and procedures for the liquidation of companies. The liquidation of a company is the process of finalising its…
- Court Liquidation
Commencement of winding up by the court may be instigated by creditors, directors, shareholders or ASIC. Most Court liquidations are commenced by the…
- Provisional Liquidation
On occasions there will be a matter of great urgency in relation to a company, usually that its assets are in jeopardy. In such a case, an application can be…
- Creditors Voluntary Liquidation
In the situation where directors of a company have formed the opinion that the company is insolvent, they have the option of starting a Creditors Voluntary…
- Members Voluntary Liquidation
This form of winding up is available only to solvent companies. The primary reason for a liquidator being appointed to a solvent company is to return capital…
- Receivership
The primary role of a Receiver is to preserve and sell assets for a secured creditor usually when assets are under threat due to the insolvency of a debtor or…
- Bankruptcy
Bankruptcy is the legal process that controls the affairs of people who are insolvent. It therefore applies to individuals, including partners in partnerships.…
- Personal Insolvency Agreements
It is often better for an insolvent person to consider proposing a Personal Insolvency Agreement, or PIA, to their creditors. This can be done under Part X of…
- Links to Useful Insolvency Websites
Professional Organisations:
CPA Australia
Institute of Chartered Accountants
Insolvency Practitioners Association of Australia
INSOL International
Turnar…
- Privacy Policy
Overview
FSIA respects and is committed to maintaining the privacy of any information given to it by its clients. This Statement sets out FSIA’s…
- Terms & Conditions
Our terms and conditions for use of this website are as follows:
1. This web site is operated by Financial Services International (Australia) or FSIA…
- Home
Financial Services International (Australia), or FSIA, is a specialist advisor in corporate restructurings. FSIA provides several unique services:
FSIA…
- Our Services
Creditors, shareholders and directors can unexpectedly find themselves involved in the complex world of corporate insolvency, company workouts or corporate…
- Workout Representation Services
Creditor Representation Service
Our professionals have achieved a record of success in helping our clients make the complex judgment calls needed to…
- Investigation Services
Transaction Advisory Services
Purchasing assets from distressed companies presents some wonderful opportunities and also special challenges. Our team is…
- Education and Training
FSIA has a team of instructor trained professionals specialising in insolvency and restructuring courses. Our presenters have many years experience in…
- FSI Property & Construction
FSI Property and Construction brings together experienced corporate restructuring practitioners with genuine property experts. Where a business in financial…
- About FSIA and FSI
FSIA is part of a group of banking and corporate restructuring professionals operating throughout the world under the “Financial Services International”…
- Contact Us
Financial Services International (Australia)
Level 8, 80 Clarence Street
Sydney NSW 2000
Ph: +61 (2) 9290-3330
- Our People
FSIA brings together a team of highly qualified and experienced professionals. Our people have varied backgrounds with a common theme: years of experience…
- Site Map
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