Expertly manage business insolvency services
At FerrierSilvia, we have wide-ranging expertise in managing businesses that are facing insolvency. We help manage the complexities – both in-process and people – involved, and use our insolvency solutions to effectively manage the wind-down period.
As professional insolvency practitioners, we gain a thorough understanding of all stakeholders, their positions and concerns. Drawing on insights and experience, we develop innovative strategies, which maximise returns. We focus on protecting the creditor’s interests, help to manage claims and, where possible, pursue recoveries.
FerrierSilvia has acted for a significant proportion of Australia’s first and second-tier lenders in various capacities including receiver and manager of distressed businesses. As turnaround experts, when in a receiver role, we will take control of an asset and initiate steps to realise its value in order to provide the best possible outcome for the secured creditor.
Principals of FerrierSilvia are regularly appointed by the Courts as
Receivers or Liquidators ( Insolvency Practitioners) in situations where a business is experiencing insolvency. Through either provisional or official liquidation, we take control of a business and manage the wind-down of operations and realisation of assets.
Creditors voluntary liquidation
FerrierSilvia may be appointed a creditors’ voluntary liquidator where:
- A company’s directors and shareholders resolve to liquidate the company.
- Creditors vote for liquidation following a voluntary administration.
- There is a terminated Deed of Company Arrangement.