Helpline

1800 413 828

Bankruptcy and insolvency

If you’re overwhelmed by debt, you may be thinking about closing your business to stop things from getting worse.

Call us – we can help you understand the process and your options.

While bankruptcy or insolvency may be an option to relieve financial pressure, it’s important to know how it will affect you and your business.

It’s also important to protect yourself from scams, or untrustworthy advisors, that try to take advantage of small businesses in debt.

If you don’t have a lawyer or accountant, call us for free and confidential advice.

When to seek help

If your debts keep growing, don’t ignore them. Our free financial counselling will guide you in the right direction.

Act now if:

  • you have overdue business debts you can’t pay
  • you don’t know if your business can recover from a setback
  • you’ve been threatened with bankruptcy or legal action
  • your business is insolvent and you need to shut it down
  • you’re worried about losing your home or personal assets
  • you’ve been contacted by someone offering to get rid of your debt.

Get free and confidential advice from a professional financial counsellor.
CALL THE SMALL BUSINESS DEBT HELPLINE TODAY ON 1800 413 828.
The sooner you call, the sooner we can help.

How we can help

When you’re thinking about closing your business, it can be hard to know what’s involved and who you should talk to.

We can give you advice on:

  • how to work out if your business can recover
  • how to manage your cashflow
  • how to talk with creditors to make a payment arrangement
  • what bankruptcy or insolvency means for you and your business
  • how to close your business
  • what to do if you can’t afford a liquidator
  • how to protect yourself from scams, such as illegal phoenixing activity by a pre-insolvency advisor (liquidating, closing or abandoning a business to avoid paying debts).

We can also connect you with services that provide support in other ways, such as legal advice, face-to-face financial counselling and emotional support.

Who you'll talk to

When you call us, you’ll speak to a trained financial counsellor who specialises in debt management, negotiating and counselling for small business. Our service is free, independent and confidential.
We’ll give you options, tips and advice to manage your debts and get your finances under control. Find out more About us.

Get help today

We’ve helped hundreds of small business owners just like you. Don’t wait to get help, start taking control of your finances today. 
Call the Small Business Debt Helpline on 1800 413 828.

Don’t wait to get help, start taking control of your finances today.

Call the Small Business Debt Helpline on 1800 413 828

Support Line Hours

  • Mon to Fri: 9am to 5.30pm AEDT

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ABOUT US

  • The Small Business Debt Helpline was set up in 2020 by Financial Counselling Australia (FCA) with funding from the Australian Government. The Helpline was originally established as the Small Business Bushfire Financial Counselling Support Line.