External administration — what are my options? | Twelve Grains Capital

Hi! David here! If an external administrator has placed your company into voluntary administration, liquidation, or receivership, what options do you have? If you’re looking at turning things around, Twelve Grains Capital might be able to help you do just that.

With enough security and strong exit strategy, we could find a way for you to repay your debts immediately and negotiate with your creditors to give your business the necessary “breathing space” to put a stop to severe and escalating costs of the receiver and help you refinance out or sell your assets off at market price.

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Feeling overwhelmed by the situation and appointing an insolvency practitioner to take control of a company’s circumstances may feel like the only available option. However, such appointments have serious and irreversible consequences for a business and potentially its directors.

How can pre-insolvency advice help me?

Pre-insolvency advisors provide advice and assistance to directors making these decisions for their business. Solutions may include:

✅ Refinancing by directors or external parties

✅ Entering into informal arrangements with creditors or proposing payment arrangements to the ATO and other creditors

✅ Implementing a turnaround or restructuring strategy

✅ Sale of business and/or assets for fair value on the open market or to a related entity

✅ Voluntary administration and deed of company arrangement

✅ Liquidation

Let us know how we could help. Speak with us today.
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