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The National Disability Insurance Scheme (NDIS) has transformed the delivery of disability support services in Australia. At its best, it enables participant choice, and empowers skilled occupational therapists, support coordinators and allied health professionals to build impactful businesses. However, for all its promise, we are seeing an increasing number of NDIS providers entering financial distress and insolvency. In many of these cases, the issue is not the service quality or the frontline staff – it’s a failure in management, systems, and governance.

In times of distress or transformation, businesses often turn to restructuring to restore viability and preserve value. However, not all restructures are the same. Two key forms—operational and financial restructuring—address different but often interconnected challenges.

When a company faces financial distress, the natural focus of advisers, creditors, and stakeholders turns immediately to cash flow forecasts, balance sheets, debt facilities, and asset recoveries. Yet beneath the numbers lies a critical — and often underestimated — element of every restructuring: People.

The recent voluntary administration of Roberts Co's Victorian arm exemplifies the profound challenges currently facing the Australian construction industry.

As financial challenges hold your business back, Small Business Restructuring is available to provide an efficient, affordable, and empowering path to recovery.

Ian Niccol and Ozem Kassem have been appointed as the Voluntary Administrators of Freedom Care Group Pty Ltd as of 5 December 2024.

Voluntary Administration (VA) is an effective solution for a wide range of businesses facing financial difficulties. It is particularly beneficial for companies that:

Industry veterans from Cor Cordis break new ground with a dedicated insolvency firm set to redefine success in financial adversity.

Feeling the pinch in your business operations? You're in good company. Many Australian businesses experience financial pressure at various stages. Identifying early signs of trouble is crucial to staying afloat.

When financial turbulence hits your business, it's not just the balance sheet that suffers—it's also the well-being of the people behind the business.

For any director or business owner, grappling with insolvency is not just a financial ordeal but a legal maze as well. In Australia, the laws surrounding insolvency are designed to protect all parties involved