Our advisory team assists many people and companies in financial distress. Our unique expertise allows us to provide solutions across a wide range of financial distress issues that companies and individuals experience. 

We negotiate daily with debt collection agencies and importantly understand both debtor and creditor's rights and obligations.

Debt collection agencies should be flexible in their approach. A flexible approach involves making meaningful and sustainable payment arrangements that reasonably consider a debtor's ongoing living expenses. The ACCC and ASIC have produced a debt collection guideline for debtors and creditors, which encourages flexibility on the part of both parties. The guide includes recognising debtors who are vulnerable and experiencing financial hardship and appreciating that debtors may have several debts owing to different parties. If you have to deal with a debt collection agency on your own, be sure to reference this guide. 

Another helpful resource to access if you are comfortable dealing with a debt collection agency on your own is visiting the AFCA Datacube. The AFCA Datacube shows you the number of complaints against a debt collection company over the last twelve months. 

If you have any questions or need assistance, our team offer a cost-free consultation and can be contacted on 02 8304 9300.

If you’re in financial distress, you’re not alone. We have helped many people negotiate with creditors over the last nine years, achieving positive outcomes allowing our clients to gain back control of their financial future. 
 
When we first meet, we listen - Here are some of our clients frequently asked questions:

Why should you act quickly when you can’t pay your creditors?
Financial distress situations can be incredibly overwhelming, with many choosing to put their head in the sand and ignore the issue. Ignoring the problem usually only acts to exacerbate, and unsympathetic creditors tend to respond aggressively. The consequences of avoidance are generally detrimental and can lead to bankruptcy. 
We work quickly and transparently to minimise your financial distress, giving you breathing space while we develop a workable strategy to get you back in a sound financial position. 
 
What type of creditors do you negotiate?
We negotiate with a broad range of creditors, including:

• Personal and director guarantees
• Personal loans
• Credit cards
• Home and investment property loans
• Australian Taxation Office
• Office of State Revenue
• Utility services including water, gas, electricity
• Car loans and leases 
• Buy now pay later, rent to buy facilities
• Payday loans
• Trade creditors
• Equipment leasing.

 
What will the likely outcome be to help me (or my business) get back on my feet?
Depending on your situation, our strategy, and the negotiation process, the outcomes we seek are:

• Further time to repay 
• Discounted lump sum settlements
• Reduced payments 
• Deferral of interest and penalties
• Debt waiver on compassionate grounds.

 
Why should I use a professional advisory team?
Our unique expertise allows us to provide solutions across a wide range of financial issues in a cost-effective manner. Our team are specialists in accounting, debt negotiation and restructuring. We approach each financial distress situation in a thoughtful and caring way. 
 
We are here to help and can be contacted on (02) 8304 9302 for a confidential cost and obligation free discussion.