How We Work With Partners
When a client needs assistance, it helps to discuss the options available with an independent party to ensure the most appropriate solution is implemented.
Jirsch Sutherland partners with its clients, such as accountants and lawyers, to provide practical solutions and effective outcomes for their clients – regardless of the size of the matter and irrespective of its complexity.
We work in a collaborative way that enables us to understand the needs of individual businesses and their relationships and commercial realities while developing a solution that addresses those unique circumstances.
The solution for a client that needs help varies greatly according to the situation. For example, the advice will be very different depending on whether they are operating under a sole trader, company or trust, structure.
Because of this we never take a one-size-fits-all approach. We understand each matter has its unique challenges and set of circumstances. We work with you to fully understand what these are and find the best possible solution to an issue, always with a view to maximising returns to creditors while being aware of and minimising the economic and emotional burden experienced by those going through financial difficulties.
If your client is finding it difficult to pay their debts, there are a number of options. The most common are:
Voluntary Administration: which allow insolvent companies to operate
Receivership: where someone is appointed to take control of some or all of the assets to ensure creditors are paid
Deed of Company Arrangement: which is a binding arrangement between a company and its creditors
Voluntary or Involuntary Liquidation: where the business assets are converted to cash
Personal Insolvency Agreements: which are binding agreements between the debtor and creditors to accept an amount of money
Bankruptcy: which releases the debtor from most of his or her debts