Worrells
Together, we’ll deal with it.
Insolvency that puts people first.
We are insolvency and turnaround teams, who help both companies and individuals to recover from difficult business or personal financial situations and assist the creditors attached to these matters.
When this can’t be achieved, we help wind down operations or manage personal insolvency procedures, and recover secured debts with expert knowledge, delivered with thought and care.
Services
We operate as specialists in a unique sector with niche qualifications, skills, and acumen. We deal with bad debts, distressed businesses and personal finances attached to estates and assets. We have the tools and framework to lead all parties through choppy seas.
Before being appointed, we always provide a clear picture of the options a business or person may have. Shifting the mess of stress into a space of empowered clarity is how we help people to deal with these challenges.
| Advise | Get the facts assessed and get clarity around the options to get onto a different path. | Personal debt & insolvency Corporate debt & insolvency Clubs & charities & associations Independent advice for deceased estates |
| Administer | Appoint a third-party to take the reins and address impossible financial obligations, legally and equitably. | Bankruptcy Liquidation (insolvent & solvent) Receivership Executor of deceased estates |
| Turnaround | Turn a susceptible scenario around with a strategic and formal plan of attack. | Small business restructuring Voluntary administration Deeds of Company Arrangement |
| Pivot | Pivot out of difficult times with evidence-based strategies and adapt to changing conditions. | Director advice Safe harbour Business structuring advice |
| Resolve | Settle a dispute with a third- party to find a fair outcome or take control and realise assets. | Dispute resolution Deceased estates Court-appointed receivers & managers of partnerships Court-appointed receivers of property Statutory trustees |
| Advocacy | Gain support to respond to creditors, lending requirements, or claims arising from external insolvency appointments. | Director advice Creditor advice Expert reports Investigative Accountant report |
| Negotiate | Have a third-party step in to negotiate on terms for financial recovery. | Informal creditor negotiation ATO debt negotiation Landlord negotiation |
Team DNA
We are made up of registered liquidators and registered bankruptcy trustees. And have more registered bankruptcy trustees than any other private practice/brand in Australia. Complementing our insolvency brand is principals with certified fraud examiner and forensic accountant qualifications.
Our approach
Experts with empathy
Our people know how to turn a business around and straighten out a deteriorating personal financial situation, who understand insolvency at the deepest level and are always keen to find the right answers. But importantly, our people have the care factor for those affected by the insolvency situation. This encompasses creditors and their position; if we detect wrongdoing in the entity/debtor dealings, we’ll make sure we do our best to help right those wrongs that both the insolvency framework and commerciality allows.
Leveraging proprietary tech
We invest in purpose-built, insolvency-tech to speed up delivery and open up good communications with stakeholders. We constantly look for new ways to apply tech in our business, helping us become more efficient and deliver better outcomes to all parties.
Right problems at the right time
Solving the right problems at the right time can be the difference between a business surviving or failing. Likewise, it can be the difference between debts being recoverable or written off. Our people can identify the right action plan for each unique situation, helping businesses and individuals to pivot out of difficult times where possible, or manage the insolvency circumstances effectively for debtors and creditors alike.
Local team, national support
Our strength is augmented through the resources of a national brand, enabling us to take on large matters with confidence. At the same time, we’re accessible both in the major cities and regional areas, providing local knowledge and local experience.
We’re knowledge seekers & sharers
We are subject matter experts and that means that we’ll have the answers that people and clients need when they need them the most. We are knowledge sharers who know our industry back to front and the intersecting legislation that comes with it. We are also right across modern frameworks and practices for business turnaround; when you combine these two perspectives with our sharing mindset, people receive unparalleled knowledge.
| On the pulse content | Events & webinars | Insolvency Guides & reports | Knowledge base |
Liability limited by a scheme approved under Professional Standards Legislation.
Contact:
Chris Cook, Principal (Brisbane, Qld)
[email protected]
07 3225 4386
Ivan Glavas, Principal (Melbourne, Vic)
[email protected]
03 9613 5517
Aaron Lucan, Principal (Sydney, NSW)
[email protected]
02 8844 1200
Brendan Giles, Principal (Western Sydney, NSW)
[email protected]
02 8844 1202