Insolvency & You

Every year, thousands of Australian businesses and individuals become insolvent, and face liquidation or bankruptcy, or - as it is more commonly known - go broke. Many more find themselves in financial trouble.

This can be traumatic for all involved: the directors, employees and creditors (those who are owed money), and for an individual facing personal bankruptcy.  

The key to working through the implications, and possibilities, is to engage the services of an insolvency professional, for whom ARITA is the professional association.

Insolvency Explained

Guidance for people in business 

ARITA has worked with the Australian Financial Security Authority (AFSA) and Australian Securities and Investments Commission (ASIC) to produce guidance for people in business. This guide helps those experiencing financial distress understand what it means for them personally and any company they own or operate.

How does it work?

Fact sheets

Look up a Practitioner

ARITA Members are highly skilled accounting and legal professionals. It’s their role to review the financial situation, and explain options such as refinancing, restructuring, or making a formal appointment.

Find an ARITA insolvency practitioner

Make a Complaint

One of ARITA’s core objectives is to ensure the highest levels of ethical and professional standards.

If you believe an ARITA Member has failed to meet these standards, you may lodge a complaint.

MY ACCOUNT

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