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A Rising Risk Trend in the Market: The Return of the “Pre-Pack”

A Rising Risk Trend in the Market: The Return of the "Pre-Pack"

Outlines a risky trend he is increasingly noticing in the current market. He explains how some advisors are turning back to old “pre-pack” insolvency tactics, where they value an old company, sell its assets to a new entity, migrate all business operations over, and then liquidate the original debt-laden company.

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Any or all of these reasons for business owners with a Pty Ltd company who:

  • have closed or are likely to close their business without any money left 
  • cannot afford $15,000 but want to place their company into liquidation  
  • want to do the right thing and inform their creditors properly about the business closing down 
  • want to draw a line in the sand so they can get on with their future.

If you have personal assets you want to protect, like a family home or director’s guarantees, this may not be for you, but you should ask us.

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