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Managing a Large-Scale Voluntary Administration for a Golf Resort

Managing a Large-Scale Voluntary Administration for a Golf Resort

A recent case study involving a trading golf resort with over 150 staff members and approximately $5 million in ATO debt. Because the business exceeded the threshold for a Small Business Restructuring (SBR) process, the team took a different approach.

He discusses how they worked closely with the director to assess the business’s viability and safely transition operations through a license agreement to keep it running normally while analyzing the best returns for creditors.

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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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