Managing financial distress

With the mega fires of summer and now the Coronavirus crisis, a lot of people are struggling financially right now.

If you’re in financial distress, here’s some information and resources to help you take control of your situation.

Are you worried about your PERSONAL finances?

Are you struggling to pay your debts? The Australian Financial Security Authority provides information on your options.

See if you can get some Government help – the Australian Government is offering financial assistance to Australians to support them through the Coronavirus.

Look after your mental health – Financial worries can be emotionally crushing. Here’s some advice to keep you on an even keel.

Want to talk to someone about your situation? If you’re worried about bankruptcy, an ARITA Professional Member can help you understand your financial position and what options you have available, and help you set a path forward. Most offer a free initial consultation.

Is your BUSINESS in financial trouble?

8 essential steps if your business is in distress – this guide shows you to handle a financial crisis in your business.

See if you can get some Government help – the Australian Government is offering financial assistance to Australian businesses to support them through the Coronavirus.

Directors’ duties in uncertain financial times – explains how company directors’ duties may change when faced with financial distress and who they can turn to for expert advice.

Safe harbour factsheet – find out about new laws that can help directors stabilise and revive struggling but viable companies.

Look after your mental health – make sure you take care of your most important asset: you.

Need some advice you can rely on? If you’re worried about insolvency, an ARITA Professional Member can help you understand your financial position and what options you have available, and help you set a path forward. Most offer a free initial consultation.