Visit our dedicated small business restructuring site for small business owners facing financial distress.
Financial Hardships,
Handled.
Your navigation partners through debt solutions, bankruptcy, insolvency and restructuring.
Services Designed With You In Mind
Whether you're a small business grappling with insolvency or an individual contemplating bankruptcy, our services are designed to address your needs.
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20+ years of experience with personal debt solutions, bankruptcy, insolvency and restructuring.
We work across a variety of sectors including:
Retail, Hospitality, Construction, Fashion, Education, Health Care, Management, Distribution, E-Commerce, Trade, Food Service, Real Estate, and Logistics.
Bankruptcy Trustee
Registered Liquidator
Small Business Restructuring Practitioner
Justice of the Peace and
Avid Off Shore Sailor
Because finding your way without a captain is hard.
At TTJ Advisory, we take pride in offering our clients direct access to our registered Trustee and Liquidator. With Thyge at the helm, overseeing all services, we ensure the best outcomes for every client.
"We have people’s future prosperity in our hands. I take it very seriously, giving clarity via consistent communication and transparency."
- Thyge Trafford-Jones, Managing Principal
Insolvency:
Check Your Facts
What proportion of corporate insolvencies in Australia is made up of small businesses?
Small businesses, with a turnover of less than $1 million, make up around 80% of corporate insolvencies in Australia.
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Do turnaround professionals believe early intervention could prevent most corporate insolvencies?
Yes, 65% of turnaround professionals believe that earlier intervention could prevent the majority of corporate insolvencies.
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What are the main causes of insolvency according to the Australian Securities and Investments Commission (ASIC)?
The main causes of insolvency are inadequate cash flow (50%), poor strategic management (41%), and trade debtor losses (26%).
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What is the average time taken from the appointment of an external administrator to liquidation in Australia?
The average time taken from the appointment of an external administrator to liquidation is around 1-2 years, depending on the complexity of the insolvency.
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How much do unsecured creditors typically receive in the event of an insolvent company liquidation in Australia?
In Australia, unsecured creditors typically receive less than 10 cents on the dollar in insolvent company liquidations.
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What percentage of companies that enter voluntary administration in Australia successfully avoid liquidation?
About 50% of companies that enter voluntary administration successfully avoid liquidation and return to solvency.
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Bankruptcy Myth Buster
MYTH:
All my debts will be cleared.
FACT:
Not all debts are cleared in bankruptcy. Certain types of debts, such as secured debts, child support, and fines imposed by a court, are not discharged by declaring bankruptcy.
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MYTH:
All of my income goes towards bankruptcy claims and payments.
FACT:
You can earn and save money during bankruptcy, but if your income exceeds a certain threshold, you may need to contribute towards your bankruptcy. The threshold varies based on the number of dependents.
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MYTH:
Bankruptcy will clear my tax debt.
FACT:
Bankruptcy may not clear all tax debts. Some tax obligations, especially recent ones, may not be dischargeable. It's crucial to consult with a professional for advice on your specific tax situation.
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MYTH:
Declaring bankruptcy will impact my spouse or partner.
FACT:
Your bankruptcy does not directly affect your spouse or partner unless you have joint debts or your financial situations are intertwined.
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MYTH:
I can file for bankruptcy myself.
FACT:
You can file for bankruptcy yourself, but it's advisable to seek professional advice due to the complexity of the process. A debt specialist can assist with paperwork and lodge it on your behalf.
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Bankruptcy Services
“With over two decades of experience and over 500 bankruptcies, we are well-versed in the nuances of the bankruptcy process.”
Thyge Trafford - Jones
Bankruptcy Trustee
Ready to make a fresh start? With the help of our trustee, Thyge, we will explore solutions to get you back on the right track.
For Creditors
As a creditor, the financial health of your debtors is crucial to your own stability. TTJ Advisory offers strategic advisory services to help you navigate the complexities of debtor insolvency. We combine industry knowledge with a human touch to ensure you recover what's owed while maintaining key business relationships.
Meet Managing Director
Thyge Trafford-Jones
It gives me great satisfaction to use my life skills and broad experience to develop mutual trust and understanding with people in a dark place. Rather than seeing me as the enemy, I’m an agent of positive change.
I became an "Accountant" because I understand numbers and business. Then I specialised and became an insolvency practitioner because I understand people.
People or businesses in financial difficulty need a route out of their problems and to realise mistakes are human—and being a regulated debtor isn’t a life sentence.
When it comes to personal insolvency, I’m one of around 200 private trustees in Australia who can plan and help implement that route for individuals. It’s a hard ticket to get, for a reason. We have people’s future prosperity in our hands. I take it very seriously, giving clarity via consistency, clear communication and transparency.
Browse TTJ's
Tools & Resources
Our Myths & Facts bankruptcy guide serves as your compass, helping to steer clear of common misunderstandings and chart a course towards financial recovery.
Bankruptcy
Myth-buster
Is your business facing financial challenges? Discover how Small Business Restructuring (SBR) can help you reduce debt by up to 80% and keep your business operational.
SBR eBook for Small Business Owners
Small Business Restructuring can help your clients slash debts by up to 80%, unlock tax relief and future-proof their businesses. This eBook offers a step-by-step guide to SBR.
SBR eBook for Accountants
Director Penalty Notices (DPNs) can have serious financial consequences, holding directors personally liable for unpaid company tax debts. This eBook explains how to respond, and strategies to protect your assets.
DPN eBook for Directors
Insolvency is tough, but it's not the end. With the right guidance and a proactive approach, you can navigate through this and emerge stronger.
Insolvency
Fact-checker
Complete guide to bankruptcy for sole traders in NSW. Licensed bankruptcy trustee Thyge Trafford-Jones explains eligibility, process, asset protection & alternatives
Sole Trader Bankruptcy in NSW: Complete 2025 Guide by Licensed Trustee
Find out how TTJ Advisory provides expert business restructuring services in Sydney, helping companies navigate distress, reduce costs, restructure debt, and implement turnaround strategies. Led by licensed insolvency practitioner Thyge Trafford-Jones.
Guide to Business Restructuring Services in Sydney
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It gives me great satisfaction to use my life skills and broad experience to develop mutual trust and understanding with people in a dark place. Rather than seeing me as the enemy, I’m an agent of positive change.”
- Thyge Trafford-Jones
