If your company is struggling to pay its debts, you still have options. We’ll walk you through them and take care of the process, so you can focus on what comes next.
A better way through financial pressure
Take a breath
Pause the pressure from creditors and the ATO while we assess your position.
See your options
Get a clear view of every path, from restructuring to an orderly wind-up.
Protect yourself
Act early and correctly to reduce the risk of personal liability.
Expert guidance
Our ASIC-registered specialists guide you through each step.
What corporate insolvency means for you
Corporate insolvency is when a company can no longer pay its debts as they fall due. It’s a financial position, not a personal failure, and it doesn’t always mean closing the doors.
Depending on your situation, you may be able to restructure the debt, keep trading under a formal plan, or wind the company up in an orderly way. The right path comes down to whether the business is still viable.
We assess your finances, explain each option and manage the process so you can make a clear decision with confidence.
How do I know it’s time to get help?
Director Penalty Notice
You’ve received a DPN that makes you personally liable for company tax debt.
Cash flow problems
A drop in revenue or cash flow that’s pushing the business toward insolvent trading.
Growing ATO debt
Overdue tax debt that keeps climbing, often the largest debt a business carries.
Can’t access funding
Lenders and financiers have knocked back your applications for funds.
Persistent creditor calls
Chasing calls about unpaid invoices that don’t let up.
Statutory demands or warning letters
Formal demands or warning notices from creditors landing in your inbox.
Losing key people or clients
Important staff or customers starting to leave the business.
Falling behind on PAYG or super
You can no longer meet PAYG and superannuation obligations.
How We Get Your Business Back On Track
1. Free, confidential chat
We’ll quickly understand your situation and talk through your options. No pressure, no obligation.
2. A clear assessment
We review your finances and recommend the right path for your business.
3. We handle the process
From creditor negotiations to formal appointments, our specialists manage each step.
4. Back in control
You move forward with a clear plan and ongoing support.
Get in touch
Speak to one of our experts now for a free consultation. Enter your details below or call 02 8001 6520.
Why choose Mackay Goodwin?
Clear advice
Get straightforward guidance so you understand your options from day one.
Creditor negotiation
We manage discussions with creditors to reach workable outcomes.
Experience & Expertise
Our ASIC-registered specialists bring proven restructuring experience.
Timely Action
We move quickly to protect your position and keep things on track.
Reduce stress
Our trusted team handles the process so you can focus on your business.
National Team
Access support across Australia, wherever your business operates.
We’ve helped businesses just like yours
85% reduction in debt helped restore cash flow
A Brisbane security company facing serious cash flow issues worked with Mackay Goodwin to reduce debt levels and regain stability.
DOCA rescues Adelaide developer in legal deadlock
A South Australian development company under significant financial pressure restructured operations and continued trading with expert support.
Earthmoving firm digs out of $280K ATO debt
After building up substantial tax debt, a Melbourne earthmoving company reduced financial pressure and got back on track with a practical recovery plan.
February 2026
On my recent interaction with Mackay Goodwin, I found the experience to be very professional and well structured. I look forward to dealing with them again in the future.
- David Plant
February 2026
The team at EGR Law hold Mackay Goodwin in high regard for their professionalism and their attention to detail in all aspects of their work which enjoyably is also reflected in their annual Super Bowl event which was so well organised and a pleasure to be part of.
- W Mackay
March 2026
Mackay Goodwin Sydney are a class act from start to finish and always deliver a quality result.
Well played Mackay Goodwin Sydney. Well played indeed.
- Zarko Jokic
2023
I can’t speak any more highly of Mackay Goodwin and team. Andrew N in particular has gone above and beyond in helping my company recover its debt and has left no stone unturned. Great service is hard to find these days and Andrew N has always put the extra effort in to ensure I was across everything and comfortable.
- David Nguyen