Chifley's Partners, Principals and Senior Managers consist of both Chartered Accountants and Registered Liquidators who are focused on developing strategies to help companies find a turnaround solution when financial problems occur.
A fast, efficient strategy to deal with a company that can’t pay its debts.
When a court has ordered that a Liquidator be appointed to wind up a company's affairs.
A Secured Creditor appointment designed to recover the Debts owed to the Creditor.
A procedure for a solvent company to Wind up their affairs in an orderly manner.
A court-ordered appointment when there is urgency or concern for the protection of a company’s assets.
The most commonly used mechanism to help creditors get a better return than through liquidation is by implementing a Deed Of Company Arrangement
(D.O.C.A.) which is a formal agreement between the company and its creditors to satisfy company debts.