We specialise in formal insolvency (Personal and Corporate), Statutory Trustee appointments, employee entitlement calculations, financial stress solutions and PPSR Management services.
FCPA Australia, ASIC Registered Liquidator, AFSA Registered Trustee in Bankruptcy, Member of Australian Restructuring Insolvency and Turnaround Association (ARITA), Member of Australian Independent Insolvency Practitioners (AIIP), Member of Australian Institute of Credit Managers (ACIM)
CPA Australia, ASIC Registered Liquidator, Member of Australian Restructuring Insolvency and Turnaround Association (ARITA), Member of Australian Independent Insolvency Practitioners (AIIP), Member of Women in Insolvency and Restructuring Queensland Inc. (WIRQ)
Why Choose a Regulated Advisor?
It is important to note that not all advisors are qualified or regulated.
Specialists in financial stress, restructuring and insolvency are regulated, qualified and hold memberships in the following organisations:
- CPA AUSTRALIA
- ARITA (Australian Restructuring Insolvency and Turnaround Association)
- ASIC (Australian Securities and Investments Commission)
- AFSA (Australian Financial Security Authority)
- AIIP (Association of Independent Insolvency Practitioners)
We recommend that when you are considering restructuring or insolvency advisers for you or your clients that you ensure that they hold the necessary credentials to provide restructuring and insolvency advice.
Risks in using unregulated advisors
In response to a need for more regulation and oversight of the industry, both ASIC and the ATO are taking steps to look into the advice given by unregulated “pre-insolvency advisors” and referrals to them. Any advice to asset strip, destroy or modify records or take steps to hamper future investigations, may be constituted as illegal activities or facilitating phoenix activities, which can have implications for the individual, advisor and referrer.
Gervase Consulting as a qualified, regulated specialist takes into consideration all stakeholders (individuals, directors, employees and creditors) to assist in providing the best course of action. We also have access to other professionals that can assist with the burden of restructure, which may include new finance arrangements or a new direction.