Insolvency

Skip to content
Skip to navigation

A number of reasons and factors could see your business heading towards insolvency.

Some come with little warning, others with a bit more notice. It could be a poor decision internally, an external stakeholder issue or relationship breakdown, even a worldwide crisis.

The circumstances that lead to insolvency are unique to your business and situation. What is consistent is that it can be an overwhelming, emotional and fast-moving experience for all involved.

There are a number of options to owners and leaders facing insolvency, including: voluntary administration, liquidation and accessing Safe Harbour provisions, bankruptcy, personal insolvency and small business debt restructuring.

Our Grant Thornton insolvency teams works with business leaders, directors, banks and other lenders. Whatever your circumstance, taking an early and proactive approach when insolvency is on the horizon means you have access to more options to turn the business around and retain the most value for all stakeholders. We work – quickly – to understand the factors at play and insolvency options available and bring together a national team made up of experts that know your industry.

Request a confidential call

Thanks for your enquiry

We'll be in touch shortly.

In the meantime, if you have any questions, please don't hesitate to contact us via communications@au.gt.com.

Grant Thornton’s insolvency team works closely with owners, managers and lenders to quickly identify and resolve issues that affect profitability, protect enterprise value and recover value.

At an early stage, we develop a re-organisation plan to drive successful outcomes for our clients, including financial, operational and strategic analysis and a management team assessment. Our goal is to get businesses and organisations back on track and put them on the course of future growth.

If you'd like to request a confidential call back from our team, please submit your details via the form.

Our Insolvency services

Voluntary administration & DOCA

We help businesses considering or in voluntary administration to achieve best possible outcomes.

Complex and international insolvency

As corporate finance specialists, Grant Thornton can help you with raising equity, listings, corporate structuring and compliance.

Bankruptcy and personal insolvency

We help clients make informed choices around bankruptcy and personal insolvency to ensure the best personal and stakeholder outcome.

Small business restructuring process

We provide expert advice and guidance for businesses that may need to enter or are currently in small business restructuring process.

Corporate insolvency & liquidation

We help clients facing corporate insolvency to undertake the liquidation process to achieve a fair and orderly company wind up.

Safe Harbour advisory

Our Safe Harbour Advisory helps directors address requirements for Safe Harbour protection and business turnaround.

Creditor advisory services

Our credit advisory services team works provides clients with credit management assistance and credit advice to recapture otherwise lost value.

Asset tracing investigations

Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

Voluntary administration & DOCA

We help businesses considering or in voluntary administration to achieve best possible outcomes.

Corporate insolvency & liquidation

We help clients facing corporate insolvency to undertake the liquidation process to achieve a fair and orderly company wind up.

Complex and international insolvency

As corporate finance specialists, Grant Thornton can help you with raising equity, listings, corporate structuring and compliance.

Safe Harbour advisory

Our Safe Harbour Advisory helps directors address requirements for Safe Harbour protection and business turnaround.

Bankruptcy and personal insolvency

We help clients make informed choices around bankruptcy and personal insolvency to ensure the best personal and stakeholder outcome.

Creditor advisory services

Our credit advisory services team works provides clients with credit management assistance and credit advice to recapture otherwise lost value.

Small business restructuring process

We provide expert advice and guidance for businesses that may need to enter or are currently in small business restructuring process.

Asset tracing investigations

Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

The Porter Davis Group

Find out more

Client challenge

Having one of Australia’s largest residential builders collapse during a national housing crisis ensured the experiences of stakeholders, particularly homeowners, suppliers and subcontractors were closely monitored by the news media.

The solution

To address stakeholders' queries, the team established a dedicated contact centre and updated the stakeholder FAQs regularly. They also took the initiative to introduce potential replacement builders to PDH customers.

The outcome

The Liquidators preserved the insurance policy, benefiting homeowners. Homes were delivered, contracts transferred, and asset realisations are expected to repay $34 million and employee entitlements. Employees secured new jobs.

Stolen Wages Class Action

Find out more

Client challenge

Hans Pearson started the Stolen Wages Class Action in 2016, claiming that from 1939 to 1972, wages of Aboriginal and Torres Strait Islander workers were paid to protectors or superintendents, who didn't return the money.

The solution

Grant Thornton administered settlement payments to over 12,000 Aboriginal and Torres Strait Islander people affected by the Stolen Wages practices, with a team of Kriol speakers assisting communities throughout Queensland.

The outcome

Grant Thornton successfully administered the payment of settlement monies to over 12,000 Aboriginal and Torres Strait Islander people and their families who were affected by the Stolen Wages practices.

Bounce Foods

Find out more

Client challenge

Bounce Foods faced poor financial control after retracting from overseas markets. The mid-2023 crisis worsened due to mismatched payment terms, leading to reliance on debtor finance secured against the directors' family home.

The solution

In July 2023, Grant Thornton was appointed as voluntary administrators to salvage the business and family home. An urgent sale campaign was launched, attracting significant interest with 130 enquiries and several offers.

The outcome

The company's intellectual property and stock were sold, preventing the forced sale of the directors' home and ensuring repayment to the major bank. Grant Thornton was appointed to sell Nourish Foods' business and assets.