Is your company experiencing financial difficulties, and are you concerned about the consequences of insolvent trading? Roger and Carson’s Safe Harbour financial planning services will assist you with your company’s financial challenges. Schedule a free consultation with one of our experienced insolvency experts today.
Safe Harbour provisions in Australia, which were implemented under the Corporations Act, allow directors to manage their company’s financial troubles in a discreet and effective manner.
This legislation establishes a structure under which directors can seek the advice of an “Appropriately Qualified Advisor” to develop and implement a strategic plan for recovery. At Roger and Carson, our experts are skilled insolvency advisors who can help you navigate this complex process.
It is quite simple to start the Safe Harbour process. All Roger and Carson need from you is a resolution signed by most of the company directors. We will give you all the necessary documents and information. All you need to do is sign
The process takes place in two stages:
Our safe harbour insolvency experts work with you to create a restructuring plan, which usually takes 1-2 weeks.
We then execute the plan and monitor it. Depending on the plan’s complexity, this stage can last several months.
Under the safe harbour rules, directors are shielded from personal liability for insolvent trading allegations while they work on turning the business around.
Safe Harbour allows directors to develop and execute a plan to address the company's financial issues without the looming danger of legal action.
By entering Safe Harbour, businesses can avoid being placed into external administration too soon, giving them a better chance of recovery.
The directors are encouraged to devise a restructuring strategy that is more likely to result in a favourable end than official insolvency, allowing the company to get back on track.
At Roger and Carson, we take satisfaction in assisting businesses with financial issues in a professional and ethical manner. Our safe harbour services are designed to help you get through difficult times.
Contact us for a confidential consultation about whether your company could benefit from safe harbour protection.
book with us nowBetter Outcome is a situation in which a business and its creditors are better off than if it went into liquidation or Voluntary Administration.
The Safe Harbour provision does not protect all debts. It only applies to debts incurred in connection with the course of action during the time beginning when the course of action is first taken and ending when the course of action is no longer reasonably likely to result in a better outcome.