In this first instalment of our Meet the Team series, Liam shares the unexpected path that led him from pouring beers at a local pub to make ends meet whilst putting himself through law school, to leading O’Brien Palmer, one of Australia’s most trusted insolvency and business restructuring firms.
Like many in the profession, Liam “fell into” insolvency by accident. But it didn’t take long for him to realise that this wasn’t just a job – it was a chance to make a real difference for business owners.
“People think insolvency is the end. But it’s actually the beginning. It’s where the rebuild starts.”
With a career built on real-life experience, from closing down a Blockbuster in the Blue Mountains in his first week of working in the industry, to trading on complex national administrations… Liam quickly rose through the ranks. But what sets him apart isn’t just his technical ability. It’s his humanity.
At OBP, Liam has helped shape a firm that’s not only doubled in size but also redefined what leadership in insolvency looks like. He’s mentored a close-knit team, many of whom have followed him throughout his career, and built a culture of transparency, kindness, and integrity.
Liam’s story isn’t just about professional milestones. It’s about empathy, second chances, and showing people that insolvency doesn’t have to be a death sentence for a business, or a person. It can be a turning point where a business can turn things around and make real life changes for the better.
Whether you’re a business owner in distress or an advisor looking for the right support for your client, Liam and the OBP team are here to help.
Contact Liam at O’Brien Palmer today for confidential advice and support.
📞 Call us at (61) 2 9232 3322 for a confidential chat.
📩 Email us at: obp1@obp.com.au
Want to watch Part 2 of the Meet Liam Bailey series?
If you want to catch the next edition of this two part series, click below.
https://obp.com.au/2025/05/27/building-better-future/
