CORPORATE INSOLVENCY
PERSONAL INSOLVENCY
COURT APPOINTMENTS
BUSINESS ADVISORY

CORPORATE
INSOLVENCY

O’Brien Palmer provides corporate insolvency services comprising Voluntary Administrations, Deeds of Company Arrangement, Liquidations and Receiverships. The matters under our control vary in size and complexity and in each case we strive to obtain the best outcome for all stakeholders.

PERSONAL
INSOLVENCY

O’Brien Palmer provides personal insolvency services, primarily Bankruptcy and Part X Personal Insolvency Agreements. As in all of our matters, the appointee is active in the administration and accessible to stakeholders.

COURT
APPOINTMENTS

Statutory Trusteeships (s66G)
Expert Reports

BUSINESS
ADVISORY

We also provide other related services including Business Recovery, S66G Statutory Trusteeships, Deceased Estate Administration, Forensics and Expert reports.

WHAT IS INSOLVENT TRADING?

WHAT IS INSOLVENT TRADING AND HOW DOES IT AFFECT YOU?

It’s important for directors to realise that they have a number of obligations and duties when acting as Directors of a company, in particular, how to prevent the company from trading whilst insolvent.
View our video and download our information sheet below to get a good understanding of how this personally affects you.

DO YOU KNOW THE EARLY WARNING SIGNS OF INSOLVENCY?

The rising cost of living crunch, rising interest rates, rising prices, business difficulties, labour etc, are all putting pressure on your business. You need to recognise these signs so you can take proactive action if required.
View our video and download our information sheet below to learn more about these signs and turn your business around.

SMALL BUSINESS RESTRUCTURE PROGRAM

Is your business struggling to meet your financial obligations and causing you stress and sleepless nights?

Did you know about the Small Business Restructuring Program?
It allows directors to remain in control of their company under the supervision of a restructuring practitioner, giving them time to propose a plan to repay creditors -either fully or partially – within three years.

WHY CHOOSE O’BRIEN PALMER

EXPERIENCE YOU CAN TRUST

There is no substitute for the combination of experience and technical competence. Over the last 30 years, our senior practitioners have been exposed to many industry sectors developing considerable business expertise.

THE POSITIVE APPROACH

We aim to find commercial and practical solutions to the problems at hand, whether it be by way of the implementation of a recovery strategy or by use of the legislative protection provided by a formal insolvency appointment.

RELATIONSHIPS WITH STAKEHOLDERS

Over the years, we have assisted bankers and other financiers in dealing with their problem accounts. We also have strong relationships in the general business community and with legal & accounting firms of all sizes.

THE TIME FOR ACTION

Far too often, principals delay taking action in the unrealistic expectation that circumstances will improve. We believe the best results are obtained if principals seek advice before their problems become insurmountable.

LET'S
TALK

People can be uncertain when is a good time to talk to us. We understand.

But did you know the quicker you discuss your situation with us, the more choices you have around how to move forward. Burying your head in the sand doesn’t feel good for anybody. Book a time to talk to us and you will be one step closer to a solution.

Meet the OBP Team

SMALL BUSINESS RESOURCES

CLIENT CASE STUDIES

Have you ever wondered what the process is like to wind up a business? And what are the stages you face in liquidation?

VOLUNTARY LIQUIDATION WITH JOHN DEBRINCAT OF eCORNER

Just the mere mention of liquidation can send shudders up a Business Owner’s spine… But it doesn’t have to be the worst thing that ever happened. Sometimes it is a very positive thing and can mark the opportunity for a whole new beginning.

It’s imperative to know that it’s often not the fault of the Business Owner or the Management Team.

This happened recently to our client John Debrincat. John’s former business, eCorner, was a 19 year old IT business with once a very thriving e-commerce business with a strong Australian, New Zealand and global presence. During the Covid lockdowns, as well as other extenuating circumstances, they experienced many of the issues mentioned above, and the Directors saw that they had three options as the business was entering a different business model life cycle.

We are all about our clients and helping you get the most favourable results possible to your situation.

PIE FACE LIQUIDATION

The following is a case study concerns the liquidation of iconic Australian pie brand – Pie Face. On 31 October 2016, Pie Face’s primary funder TCA Global Credit Master Fund (“TCA”) appointed Christopher Palmer of O’Brien Palmer as Receiver & Manager of Pie Face Pty Ltd. The aim is to initiate a restructure of the Pie Face finances in order to strengthen the profitability and stability of the business.

This is not the first time that Pie Face have encountered financial difficulties. In 2014, the iconic Australian brand fell into voluntary administration. In early 2015, the business was restructured and came out of voluntary administration with approximately 50 stores. Out of the remaining 50 stores following this stint, only 28 outlets remained.

Following the Voluntary Administration, Pie Face entered into a Deed of Company Arrangement. However, following the recent turn of events, it is anticipated that the DOCA will likely be terminated.

OBP BLOG

Liam Bailey, O'Brien Palmer, Insolvency, Business Restructuring, Business Failure, ATO Tax Repayments

ATO Tax Repayment Arrangements – Understanding the Risks and Rewards

November 6, 2024

Liam Bailey, O'Brien Palmer, Insolvency, Business Restructuring, Business Failure

Director’s Personal Liability – How to Protect You

October 30, 2024

Meet the Team – Joseph Walker, Analyst

October 22, 2024

The Small Business Restructuring Process – Update

September 18, 2024

Formal Small Business Restructuring Process, Liam Bailey, O'Brien Palmer, Insolvency, Business Restructuring, why work with obp, recognising insolvency signs, business advisory, small business owner, Clement Teng

Meet the Team – Clement Teng

December 15, 2023

Formal Small Business Restructuring Process, Liam Bailey, O'Brien Palmer, Insolvency, Business Restructuring, why work with obp, recognising insolvency signs, business advisory, small business owner, John Debrincat

Voluntary LIquidation with John Debrincat of eCorner

December 8, 2023

UPDATE

On Current Administrations

Circular to Creditors in Relation to Court Orders
WATSON TRACTORS PTY LTD (ADMINISTRATORS APPOINTED)

WANT TO STAY IN TOUCH

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CONTACT THE OBP TEAM

SYDNEY

Level 9, 66 Clarence Street, Sydney NSW 2000
GPO Box 3385, Sydney NSW 2001

BATHURST

103 Piper Street, Bathurst NSW 2795
PO Box 2153, Bathurst NSW 2795

Without obligation or cost,
we are available for an initial consultation.

PLEASE CONTACT:
Liam Bailey lbailey@obp.com.au
Chris Palmer cpalmer@obp.com.au
Daniel Frisken dfrisken@obp.com.au
Ahmed Sowaid asowaid@obp.com.au

Andrew Cowled acowled@obp.com.au
Nathan Jammal njammal@obp.com.au
Rob Clapham rclapham@obp.com.au
Clement Teng cteng@obp.com.au
Con Vellios cvellios@obp.com.au

Liability limited by a scheme approved under professional standards legislation.

© Copyright OBP Australia Pty Ltd 2024