Practical guides for directors navigating financial distress. Written by advisors who have been on both sides of the table - not by content teams.
Fuel relief has ended, diesel has not come back down and the pass-through rules have been in flux, so neither the September nor the December quarter shows a transport borrower's true run-rate. This bulletin sets out how to read the numbers, where the stress reaches the collateral, and what to ask for now.
The final paper in the Proximity Premium trilogy. Why capable boards go quiet, what silence costs, how credibility is built and spent in a deteriorating business, and how to walk into the first conversation holding a plan rather than a confession.
Why impairment is a decision when taken early and a result when taken late. Four situations from the public record — Elders, Freedom Foods, Arrium, Slater & Gordon — read honestly. A practitioner's view for bank credit and workout teams, non-bank lenders and private credit managers.
A covenant breach is a lagging signal. By the time it prints, the cheapest months to act have already passed. Rebound Advisory's research report on why proximity to the borrower — not enforcement capability — is what preserves value when a private credit borrower starts to struggle.
ATO enforcement. Payday Super. A fuel crisis. Construction collapse. Trade disruption. They are not arriving sequentially - they are arriving simultaneously, and they are compounding. Rebound Advisory's full analysis of the restructuring landscape across Australia and New Zealand in 2026.
A behavioural framework for reading distressed businesses before the financial statements catch up. Thirty years of restructuring practice, distilled into three stages every advisor needs to recognise.
Written by Brendan Richards
A payment plan can buy time. But it does not protect you personally. Here is what every director with ATO debt needs to understand before agreeing to one - including the critical risk when a Director Penalty Notice is involved.
Written by Brendan Richards
I used to brief a team of three to build a financial model for a distressed client. It would take a week. Today I can produce the same analytical foundation in an hour or two. This changes the economics of advisory work fundamentally.
Written by Brendan Richards
There is a deeply ingrained assumption that when a company cannot pay its debts, the next step is formal insolvency. It is not the only path - and in many cases, it is not the best one. The case for informal creditor compromises.
Written by Brendan Richards
Many companies that enter Voluntary Administration return nothing to unsecured creditors. This article examines why the outcomes are so consistently poor - and what the alternatives look like when a business still has a viable core worth preserving.
Written by Brendan Richards
A comprehensive guide for directors who have received a DPN. Understand the two types, your 21-day deadline, what works, what does not, and a step-by-step 48-hour action plan.
Written by Brendan Richards
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