Australia: Financial Restructuring

A creditor-supported restructuring of Believe Early Learning preserved regional childcare centres in Eaglehawk and Mooroopna, protecting jobs and delivering materially better outcomes than liquidation. The case demonstrates how voluntary administration can address the sector's simultaneous growth in demand and pressure on capacity, while navigating workforce constraints, regulatory obligations, and unsustainable financial structures.

A company is facing a winding up application. The hearing date is approaching. Days before the hearing, voluntary administrators are appointed and the Court is asked to adjourn. For years, that strategy often bought time. Increasingly, it does not.

A recent NSW Supreme Court decision involving the LJ Hooker group examines how courts assess directors' decisions during corporate restructuring, particularly when those decisions may benefit some stakeholders over others. The case provides critical guidance on the proper purpose test, the role of insolvency risk in decision-making, and when directors can pursue personal interests without breaching their duties.

A Deed of Company Arrangement (DOCA) is a sophisticated business restructuring mechanism under Australian insolvency law that can preserve enterprise value, maintain operations, and deliver better creditor outcomes than liquidation.

The Australian trucking industry faces a perfect storm of structural challenges including driver shortages, environmental obligations, and sham contracting arrangements. Recent insolvency appointments reveal disturbing patterns of inflated vehicle acquisitions, missing assets, and potential phoenix activity that are creating substantial losses for lenders and creditors across the sector.

Explore the unprecedented voluntary administration process that facilitated the sale and restructuring of Virgin Australia, the largest insolvency case in recent Australian history. Industry experts including the administrators, financial advisors, and legal counsel share their firsthand experiences navigating this complex corporate rescue.

As the economy in Australia faces headwinds, we are seeing an increase in directors and advisors seeking advice on restructuring options.

In the course of doing business, there are many situations where you may need to confirm whether a company has entered or is about to enter liquidation.

From 1 July 2026, employers will be required to remit superannuation contributions within seven days of paying employee wages...