GM Advisory works with directors to ensure they understand the process and the possible outcomes. Keeping directors informed and safe at all times.
Protection given to Directors when there is a possibility of financial distress looming so as not to trigger the unnecessary appointment of an insolvency practitioner. Can give the directors the green light to continue trading.
Formal or informal processes where a Company maximises its chances of continuing in existence; or if that isn’t possible, restructuring can involve solutions that are better for the company’s stakeholders than liquidation. See small business restructuring.
Not every director is across their responsibilities when it comes to the Corporations Act. An extra set of eyes is helpful, especially when dealing with insolvency practitioners who put other stakeholder interests ahead of directors.
