Brian’s Voluntary Administration and new Budget success story
Key Results at a Glance
Brian’s story
Brian
QueenslandBrian's medium-sized construction company faced unmanageable debt due to an economic slowdown and internal management issues. Wanting to save the business and his employees' jobs, he sought our help. We assessed the business as viable, communicated with stakeholders, and drew up a Deed of Company Arrangement (DOCA).
Age
Unspecified
Employment status
Full-time employed
Location
Queensland
Household type
Unspecified
Employment
Construction company owner
The Challenge
Despite years of hard work, a combination of market forces and operational hurdles left Brian’s construction company trapped under insurmountable debt.
Economic Slowdown
A shift in the broader economy severely impacted the company’s cash flow and project pipeline.
Internal Management Issues
Operational inefficiencies and internal roadblocks compounded the financial strain on the business.
Unmanageable Debt Levels
The company’s financial obligations rapidly grew beyond what current revenues could support.
Threat to Livelihoods
The impending risk of insolvency meant Brian’s dedicated employees were in severe danger of losing their jobs.
The Solution
Viability assessment
Stakeholder communication
Strategic restructuring
Job preservation
Why this approach worked
Getting started is easy and straightforward
A Viable Path Forward for Creditors
By establishing a DOCA, we provided creditors with a better, more reliable return than if the company had been immediately liquidated, which secured their crucial buy-in.
Protecting the Workforce and Operations
Instead of shutting the doors, the Voluntary Administration process gave the business the breathing room needed to restructure. This allowed Brian to retain his experienced team and keep projects moving forward.
The Result
Brian successfully transitioned his construction company through Voluntary Administration. The accepted DOCA eliminated the immediate threat of liquidation, saved his employees’ jobs, and provided a realistic, structured framework to repay creditors while keeping the business alive.
Additional Benefits
Preserved vital supplier relationships through transparent communication
Mental clarity and reduced financial stress
Ability to focus on core operations with stabilised cash flow
On track to successfully exit administration and resume normal trading
Wiping Extreme Tax Debt
When Kelly’s sole trader tiling business left her with nearly $350,000 in ATO tax debt, losing her home, vehicles, and livelihood felt inevitable. Standard options weren’t viable, and bankruptcy would have ended her business entirely. We structured a Personal Insolvency Agreement, wiping 60% of her debt into a single affordable weekly payment – letting her keep her property, her vehicles, and her business.
Consolidating Massive Tax Debt
After years of running his own business as a shotfirer, Dom was left with $130,000 in debt – mostly owed to the ATO – and no way to manage it as a regular employee. Bankruptcy would have returned nothing to creditors and left him with little to show for his working years. We arranged a Personal Insolvency Agreement, wiping 40% of his debt and consolidating the rest into a single affordable weekly payment, letting him keep his vehicle and move forward free of ATO pressure.
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How Dom wiped $52,000 in debt and kept his motor vehicle
How Michael halved his $133,000 debt and avoided Bankruptcy
How Kelly wiped over $215,000 in ATO debt and protected her home and business
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