Services
Insolvency
Insolvency doesn’t have to mean chaos.
Used correctly, formal insolvency processes provide structure, transparency and a path forward for everyone involved.
We guide directors and stakeholders through:
Creditors Voluntary Liquidation (CVL)
Key Features
A Creditors Voluntary Liquidation is used when a company is insolvent and cannot continue trading. It enables directors and shareholders to voluntarily wind up the company in an orderly and compliant manner. CVL is typically appropriate where liabilities exceed assets, the business is no longer viable, and there is no realistic turnaround option.
How We Help
We guide directors through their duties and potential personal exposure, ensuring risks are clearly understood. Our team takes control of the liquidation process, realises assets efficiently, manages creditor communications and claims, and ensures all statutory reporting and ASIC compliance obligations are met.
Voluntary Administration (VA)
Key Features
Voluntary Administration is designed to provide a viable business with immediate breathing space from creditor pressure while its future is assessed. The process allows time to review operations, stabilise the business, and present restructuring or exit options to creditors. A VA can result in the Company doing a deal with creditors to restructure its debt via a Deed of Company Arrangement or the Company being wound up if it is determined it is not viable.
How We Help
We act quickly to stabilise the business and protect value. Our team conducts a practical review of operations and financial position, works closely with owners, management and advisors to develop viable options, and presents clear, well‑supported recommendations to creditors to help them make informed decisions.
Deed of Company Arrangement (DOCA)
Key Features
A Deed of Company Arrangement is a binding agreement between a company and its creditors that sets out how debts will be compromised or repaid. It is the debt restructuring option of Voluntary Administration process. It is appropriate where the underlying business is viable, creditors are likely to achieve a better return than liquidation, and stakeholders are committed to a long‑term plan.
How We Help
We design realistic and achievable DOCA proposals, supported by clear financial modelling. Our team compares creditor returns under a DOCA against liquidation, manages creditor voting and implementation, and monitors ongoing compliance to ensure the arrangement stays on track.
Court Appointed Liquidation
Key Features
A Court Liquidation typically arises when a creditor applies to the Court to wind up a company on the basis that it is insolvent and unable to pay its debts as and when they fall due. This often follows the expiry of a statutory demand that remains unpaid or unsatisfied. If the Court is satisfied that the company is insolvent, it will make an order to wind up the company and appoint a Liquidator to take control of its affairs. We often consent to act as court appointment liquidators when a creditor makes the application to the court to wind up a company.
How We Help
As Court-appointed Liquidators, we take immediate control of the company’s affairs, secure and realise assets, communicate with creditors, and conduct the investigations required under legislation. We manage all statutory reporting, liaise with legal advisers and regulators, and, where appropriate, pursue recovery actions to maximise returns. Our objective is to ensure the liquidation is administered efficiently, transparently, and in full compliance with the law, while providing clarity and certainty to all stakeholders.
Receivership
Key Features
Receivership usually occurs when a secured creditor appoints a receiver to realise secured assets and recover amounts owed. It often involves balancing recovery objectives with the interests of other stakeholders affected by the appointment.
How We Help
We assist secured lenders and other stakeholders by assessing the security position and recovery options. Where appropriate, we manage or trade the business to preserve value, oversee asset sales in an orderly and transparent manner, and provide independent reporting to the appointing creditor.
We turn things around.
Rapsey Griffiths are specialists in business turnaround, crisis management and complex debt. We cut through the uncertainty and deliver clear, practical solutions to help you move forward with confidence.