Solutions

When financial pressure mounts, having the right person beside you can make all the difference. Bruce Mulvaney & Co provides clear, practical guidance to small business owners facing difficult decisions — whether that means reducing debt, restructuring, or closing a company properly. Bruce takes the time to understand your situation, explain your options in plain language, and help you move forward with confidence. There’s no judgment, no unnecessary complexity, and no city-firm price tag — just experienced, local support when you need it most.

Small Business Debt Reduction and Survival

Method - Small Business Restructuring

Key Outcome: A Legally Enforceable Settlement Pro-rata to all Creditors

A significant discount of debts owed (“to creditors”)
Creditors Vote
Usually enables businesses to continue trading
The process is simple & fast.
Directors remain in control of the Business
Better result than liquidation

Closing a Business/Company that cannot pay its creditors

Method – Bruce appointed Creditors Voluntary Liquidator by Shareholders

Key Outcome: Assets realised and remaining funds distributed to creditors. nn

Independent process to administer a distressed business to realise value
Bruce’s many years’ experience applied effectively to improve outcomes
Creditors claims are made to the Liquidator/Administrator.
Employees are usually paid entitlements (except Superannuation).

Other Methods:

Bruce can also help with

Voluntary Administration

A Moratorium to deal with a Crisis Solution

Deed of Company Arrangement

Flexible Outcomes – May involve a Compromise or a Fund set aside to distribute to Creditors

This is one of the outcomes of a Voluntary Administration

Distributing Surplus Company Funds to Shareholders

Method – Bruce appointed Members Voluntary Liquidator by Shareholders

Key Outcome: Surplus funds including capital proceeds distributed tax effectively to shareholders

Also removes costs of annual tax & ASIC