Insolvency Services

JB Financial Group Pty Limited

Receivers and Managers of a Brisbane investment holding company, we successfully refinanced the $7.7M secured debt within 36 days.  Retained by the incoming financier to structure an approved DOCA within 21 days.

JB Financial Group Pty Limited

Receivers and Managers of a Brisbane investment holding company, we successfully refinanced the $7.7M secured debt within 36 days.  Retained by the incoming financier to structure an approved DOCA within 21 days.

The holding company of several operating businesses including Kings Currency and Risk and Security Management, and one of the entities in the John Bridgeman Limited Group.

We supervised the ongoing trading of the Company managing key stakeholder interests.  We successfully refinancing the $7.7M secured debt within 36 days of our appointment.  Due to our understanding of the Group and relationships with key stakeholders, we were retained by the incoming financier to structure a creditor approved DOCA within 21 days at the second meeting of creditors.  The DOCA included a credit-bid of the secured debt for certain subsidiaries in the group.