Thinking of declaring insolvency in Melbourne or Victoria? Have a chat with our Corporate Insolvency experts
Even in a booming economy, there will be companies that declared themselves insolvent, let alone in an economy that is not doing well.
There are many reasons why a company would declare itself, and below are some warning signs you should not ignore, which include:
- Creditors who do not wish to extend your debt facility with you
- Dwindling sales as well as the customer base that is falling
- Suppliers are cutting off deliveries as they wait for pending payments
- Being chased up by the ATO for failure to pay tax or superannuation liabilities
Did you know Victoria had 23% or around 1,753 companies declaring themselves insolvent out of the nationwide 7,498 corporate insolvency reports that were recorded in Australia for the 2018/2019 financial year(Source: ASIC)?
The top five industries in which insolvencies occurred in the state of Victoria were:
- Business and Personal Services
- Accommodation and Food Services
- Retail Trade
- Transport, Postal & Warehousing
If you are facing financial issues with your business, have a chat now with Andrew – your expert in debt solutions in Melbourne and Victoria.
Andrew has been providing financial advice to individuals and small business owners for the past 25 years. From many years of experience in finance and running his own businesses, Andrew has an excellent understanding of the challenges facing small businesses and individuals and the knowledge of how bankruptcy/insolvency can be tackled.
Need more information about Insolvency? Click here.
Why do I enjoy offering my time and expertise to help people and businesses facing bankruptcy and insolvency? The simple answer is because of the relief I see on people’s faces when I can confirm that their debt worries can be fixed, and they can then move on with their lives – stress free.”
Get a complimentary first consultation by calling 1300 887 210. Act now to find out what you need to do to keep your business afloat – don’t risk trading insolvent!
I made an appointment with Andrew after finding him on google. I was nervous and apprehensive about what to expect but he made the process of bankruptcy extremely uncomplicated and stress free, allowing myself the opportunity to get the fresh start I was so desperate for. Thank you Andrew I could not recommend you enough.
Making the decision to go bankrupt was not easy however once I had spoken to Andrew i felt all my anxiety disappear. Andrew does not judge you and he has an innate ability to put you at ease. He took care of the whole process for me again reducing the stress involved with completing paperwork.
Thank you very much.
I will definitely recommend Andrew Bell to anyone contemplating bankruptcy. Don't wait! Andrew is there to help. With his knowledge, he can advise you of the best path to take and assist with the mind boggling paperwork.
Best of all, he is there for you through your entire bankruptcy period. Get your life back, it's not as bad as you think. Thank you Andrew for lifting the burden and allowing me to move on.
I saw Andrew for 'advice only' on possible bankruptcy due to a divorce. Left an hour later with the paperwork all done and feeling like a new person!
Andrew was extremely welcoming and made me feel so comfortable with my decision to proceed immediately.
This was the best investment I have ever made and cannot speak highly enough of Andrew. He doesn't just give excellent service his follow up afterwards is amazing. Thankyou Andrew you made my 'new' life so easy to achieve!
Andrew was very helpful in helping me through the bankruptcy process, as a single mother left with a massive debt from my ex and our previous marriage. I was struggling to keep my head above water on a week to week basis.
Andrew made me feel at ease immediately and helped me every step of the way, he happily and professionally answered any and all questions I had before, during and after the process. Thanks so much for your help Andrew!
Would highly recommend Andrew to anyone having financial difficulties. Andrew made me feel very comfortable - he took care of everything and keep in regular contact with me throughout the whole process.
Service was fantastic and he also keep in regular contact with me when everything had been finalised Thanks Andrew! can now get my life back on track.
Very prompt service and excellent source of knowledge and information, I highly recommend Andrew's service for a quick turn around of circumstances.
Andrew put my mind at ease in one easy appointment. Very satisfied with the outcome and service provided. Highly recommend Andrew.
Andrew was a steadying hand with his advice.Showing that things aren't as bad as first thought nor any obstacle insurmountable. If you have questions needing answers, Andrew is the person to ask. Thanks for your advice Andrew.
Andrew was very knowledgeable, caring, helpful and compassionate when I went and saw him. He made me feel that I wasn’t the loser and failure that I thought I was being. Even down to the box of tissues on the table.. which I needed. Highly recommend to go see Andrew if your struggling. There is life after!
Andrew and his team do an excellent job of helping their clients with bankruptcy advice and it is a pleasure to work with him.
Don't hesitate contacting Andrew, I was stressed, struggled sleeping through debt. Andrew put me at ease. He listened to my situation and we decided on my next move. Andrew is professional and easy to talk too. I would recommend highly to anyone who wants help to give him a call. I appreciate your support Andrew. Regards Brett.
Andrew has given me back my life!!! After living paycheck to paycheck, I didn’t know what to do. Until I made the big step and booked an appointment with Andrew. As soon as I left his office I felt a huge weight lifted!!!
Andrew was prompt, organised, friendly and efficient with the processing of my documents and made everything very simple for me so I didn’t need to deal with the added pressure and stress. Thank you Andrew for allowing me to start afresh and getting it done within a matter of weeks.
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