Alternative Services
Specialist, statutory, court-appointed and replacement appointments for matters that sit outside standard insolvency processes.
I am a registered liquidator, registered trustee in bankruptcy and Principal at Worrells with more than 27 years’ experience in insolvency and restructuring. I accept specialist appointments involving companies, businesses, property, partnerships, deceased estates, trusts and other assets.
What are alternative services?
Not every matter fits within a standard liquidation, voluntary administration or bankruptcy.
There are circumstances where a Court, creditor, secured party, co-owner, beneficiary or other stakeholder requires an independent practitioner to take control of assets, replace an existing appointee or undertake a specific role.
The nature of the appointment and the powers available depend on the particular matter, the relevant legislation and any Court order, security or appointment document.
When a specialist appointment may be required
A specialist appointment may be relevant where independent control, a replacement practitioner or a defined statutory or court-appointed role is required.
- Co-owners cannot agree on the sale or management of property.
- Business partners or other parties are in dispute.
- Independent control or sale of assets is required in family law proceedings.
- An existing liquidator or bankruptcy trustee is to be replaced.
- A particular issue requires a separate independent practitioner.
- A deceased estate or testamentary trust requires a replacement or independent trustee.
- An insolvent deceased estate requires formal administration.
- A Court, secured creditor or other appointor requires a receiver.
The specialist appointment process
Review the matter
The background, assets, parties, existing proceedings or appointments and purpose of the proposed appointment are considered.
Confirm the role
The appropriate appointment, proposed powers, independence, funding and practical requirements are reviewed.
Appointment
The appointment is made by the Court, creditors, secured party or other authorised person, depending on the particular role.
Carry out the appointment
The assets or affairs are dealt with in accordance with the appointment, including any required control, realisation, administration, investigation, reporting or distribution.
Appointments I accept
The role and powers depend on the particular appointment. The following are the main specialist appointments I accept:
- Trustee for Sale / Statutory TrusteeIndependent sale of jointly owned property where the owners cannot agree on its sale or division.
- Replacement Bankruptcy TrusteeTaking over an existing bankrupt estate where another registered bankruptcy trustee is to be appointed.
- Replacement Liquidator / External AdministratorTaking over an existing external administration where a replacement registered liquidator is required.
- Family Law ReceiverIndependent control, management, preservation or sale of businesses, property or other assets in family law proceedings.
- Court-Appointed Receiver – PartnershipsAppointment over a partnership business or its assets where the partners are in dispute or independent control is required.
- Court-Appointed / Equitable ReceiverCourt appointment to preserve, control, manage or realise property, businesses or other assets.
- Privately Appointed Receiver / Receiver & ManagerAppointment under a security or other instrument to take control of and realise secured property or manage a business.
- Replacement / Independent Trustee – Deceased Estates & Testamentary TrustsAppointment as a replacement or independent trustee in connection with a deceased estate or testamentary trust where professional administration of the relevant trust assets is required.
- Deceased Estate InsolvencyAdministration of insolvent deceased estates, including appointments under Part XI of the Bankruptcy Act.
- Special Purpose LiquidatorAppointment to deal with a particular investigation, claim, transaction or other defined issue within an existing liquidation.
- Provisional LiquidatorCourt appointment to protect and preserve a company’s assets and affairs while winding-up proceedings are determined.
- Reviewing LiquidatorIndependent review of particular aspects of an external administration.
Early review can make the appointment more workable
Before accepting an appointment, I generally review the proposed role, the assets involved, the parties, available funding and any independence issues. Where Court orders are proposed, early consideration can help ensure the powers sought are workable in practice.
Other insolvency and restructuring services
Depending on the circumstances, one of my standard insolvency or restructuring services may be more appropriate.
Creditors’ Voluntary Liquidation
Formal winding up of an insolvent company where restructuring is no longer viable or appropriate.
Creditors’ Voluntary Liquidation →Small Business Restructuring
A simplified restructuring process for eligible small companies seeking to compromise debts while directors remain in control.
Small Business Restructuring →Voluntary Administration & DOCAs
A formal process used to assess restructuring, business-sale or deed of company arrangement options before creditors decide the company’s future.
Voluntary Administration & DOCAs →Members’ Voluntary Liquidation
Formal winding up of a solvent company and distribution of surplus assets to shareholders.
Members’ Voluntary Liquidation →Bankruptcy
Formal personal insolvency administered by a registered trustee in bankruptcy.
Bankruptcy →Part X Personal Insolvency Agreements
A formal alternative to bankruptcy that allows an insolvent individual to put a proposal to creditors.
Part X Personal Insolvency Agreements →Need to discuss a specialist appointment?
If you would like to discuss a statutory, court-appointed, replacement, receivership, trustee or other specialist appointment, use the Contact page to provide a short summary of the matter.
If there is an urgent Court date, enforcement action or other deadline, include that information when you contact me.