Insolvency Solutions

Insolvency Notices

Winding Up A Company


If your business is insolvent, we can provide you with the necessary support, plan and access to cash to turn your business around.

Insolvent? Winding Up a Company? Received a Director Penalty Notice? Lawrence Corporate Solutions help businesses find the right solution during an unsettling and stressful time:

  • Personal & holistic approaches to business insolvency
  • End to end financial solutions
  • Qualified Australian Accountants
Insolvency Solutions Perth

What is Insolvency?

As a business owner, you may experience several periods of financial uncertainty or difficulty. Sometimes it is unclear whether your business is able to be turned around, or whether it is time to implement a formal insolvency plan to minimise additional financial distress on shareholders.

Corporate insolvency is a solution that businesses opt for when they can no longer meet their debt obligations as and when they’re due.

It can be caused by a slow decline in sales, a lack of revenue that’s irrecoverable or a major debtor failing to pay. Regardless of what leads your company into insolvency, it’s how quickly and strategically you act on it, that matters. Once you realise that your business is insolvent you have a legal obligation to take action immediately.

If you’re operating whilst insolvent, you can become personally liable for the insolvency and your personal assets are at risk of being repossessed, so it’s crucial you act swiftly.

Are you operating whilst insolvent?

It can be difficult to determine whether your business is insolvent, but here are some early indicators that may suggest your business is insolvent. If you are experiencing any of the below, we recommend that you speak to us sooner rather than later: 

  • Decreasing sales & revenue
  • Unpaid Super Contributions within the due date
  • ATO chasing you over unpaid tax liabilities
  • Creditors discontinuing your debt facility with them
  • Suppliers cutting off delivery, pending overdue payments
  • Continued losses over an extended period of time
  • Receipts of demands & director penalty notices
  • Low stock turnover
  • Restricted access to credit

These are the early (or late) warning signs you simply can not ignore. Doing so can make your situation far worse than it needs to be. If you are experiencing any of the above, then we recommend talking with our team as soon as possible.

A quick phone call is completely free and can remove additional stress and worry in the future, by acting promptly today

Insolvency Solutions Perth
Insolvency Solutions Perth

How Lawrence Corporate Solutions can help

If your company is in financial trouble and is struggling to meet its obligations to the ATO and Creditors, the first step is to admit you’re in trouble and talk with an expert about it immediately.

The truth is, if your cash flow is tight, you might actually be trading whilst insolvent. We have a multitude of strategies that can help and funding options to assist your business out of sticky situations.

With our skilled team of registered Australian accountants and financial advisors, we can assist you through a range of insolvency services including:

  • Company Liquidation
  • Voluntary Administration
  • Safe Harbour Protection
  • Deed of Company Arrangement Execution
  • Solvency Analysis & Advice
  • Business Performance Improvement Plan
  • Statutory Demand Notices
  • Corporate Bankruptcy

Call us today to discuss what your options are and how we can help.

Related Services


We will assist you through this process by providing practical, objective yet compassionate solutions during an otherwise difficult time. 

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We help businesses going through liquidation, navigate through the process with the right level of support and advice. 

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When your business is in trouble, seeking business administration support is your best chance at survival.

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what our clients say

Successful Stories From Our Clients


Our team’s unique experience and extensive skill has assisted countless Perth business owners to move past financial strive and work towards a bright and successful future. Here are some of our success stories:

Miranda was struggling to meet her 12-month payment arrangements with the ATO and, as 12-month arrangements are the most that the ATO will grant, Miranda felt that her financial position was a lost cause. After speaking with Lawrence Corporate Solutions, however, Miranda’s confidence was restored. Lawrence Corporate Solutions successfully negotiated a 24-month extended payment arrangement with the ATO, giving Miranda the breathing room that she needed to get back to running her business.

Sharon found herself being chased by the ATO for a mounting tax debt, and as her spouse had recently been unable work, it couldn’t have come at a worse time. With constant calls and letters, Sharon welcomed Empire Corporate Services stepping in and liaising with the ATO on her behalf. In the end, Sharon prevailed with a $79,904.62 remittance before the final balance was paid out.

After an accident that rendered David unable to work, he was forced to use his tax savings to live on. Very worried and not sure where to turn, Empire Corporate Services worked closely on David’s case and secured him an interest remittance of nearly $7,000 to cope with his financial stress.

With a mountain of ATO penalties (including the dreaded General Interest Charges (GIC), Failure to Lodge (FTL) penalties and business stresses mounting, Shane was in a dire financial position. On Shane’s behalf, Empire Corporate Services was able to remit over $34,000 after just one phone call. Shane’s headaches cleared and it was back to furthering his business!

When Sam’s major debtor went into $2m liquidation, Sam’s business hit a pivotal crossroads. Based on the guidance of his previous advisors, Sam felt his only option was to go bankrupt. With the help of Empire Corporate Services, Sam got his business valued and sold, paid back the bank debt owing and additional funding in place for all other unsecured creditors… all within a fast turnaround of just 6 weeks.

Mitchell came in for a general financial review to set his business on the right path to grow. Upon reviewing Mitchell’s financial structure, Empire Corporate Services discovered that Mitchell had ATO debts totaling more than $550,000… and Mitchell was totally unaware of what he owed. After extensive work in tracking back over Mitchell’s previous returns and BAS’s (as well as righting the submission errors that Mitchell had made), Empire Corporate Services successfully helped Mitchell receive remission of interests of his debts, totaling $320,000.

For a long time Kate didn’t realise… but the ATO had placed $10,000 in interest and fees on top of her tax bill after a she had previously filed a claim incorrectly. Understandably, Kate was frightened about what might happen to her. Lawrence Corporate Solutions stepped in on her behalf and successfully negotiated for a substantial reduction in the outstanding ATO balance. Kate went from owing $10,000 to receiving a $2,000 refund.