Cathro & Partners grows national presence with Melbourne office

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A recent survey from the Turnaround Management Association and KordaMentha warned that over 90% of industry professionals expect the Australian economy to slip into recession within the next two years. In its slipstream, insolvencies are expected to rise further.

A recent survey from the Turnaround Management Association and KordaMentha warned that over 90% of industry professionals expect the Australian economy to slip into recession within the next two years. In its slipstream, insolvencies are expected to rise further.

“There’s demand for our expertise in Melbourne, but we needed to identify the right people to lead the business there first,” said Cathro. “We’re delighted to have appointed David Mutton and Jordan Lai.”

Appointed a Principal at Cathro & Partners, David Mutton has 15 years of experience in advisory and external administration. A registered liquidator, chartered accountant and a member of the Australian Restructuring Insolvency & Turnaround Association, his expertise includes financial viability and monitoring, restructuring, debt forgiveness, renegotiation and dispute resolution.

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Petitioning creditors and protection of their secured position

A petitioning creditor is a person or entity to whom a debtor owes money and who takes legal action by filing a creditor’s petition with the court to have the debtor declared bankrupt. This is a formal process to recover a debt that has not been paid, usually after the expiry of