
Financial Hardships,
Handled.
Your navigation partners through personal debt solutions, insolvency and restructuring.
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
Bankruptcy Myth Buster
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.
Do you Qualify for SBR Solutions?
Would you prefer to restructure rather than liquidate?
Can you reasonably expect your creditors to agree to a restructuring plan?
Are your financial records accurate and up-to-date?
Are your total liabilities under $1 million?
Are your BAS and tax returns up-to-date?
Have you paid all wages, super, and other entitlements that are due?
Have your directors stayed clear of any SBR or Simplified Liquidation process in the past 7 years?
Do you want to keep your business running during and after restructuring?
Are you after a streamlined process that wraps up in 20 business days?
Is your business facing financial trouble but has a chance of bouncing back with the right help?
Next Steps
If you ticked YES for most of these questions, reach out to us to get the ball rolling.
Bankruptcy Myth Buster
HOVER or TAP on the answer to reveal the FACTS.

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.

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.

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.

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.

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.
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
Engaging a trustee in a bankruptcy scenario ensures that the process is handled efficiently, legally, and with a professional approach.
With TTJ advisory by your side, we can provide you with a structured pathway through the complexities of bankruptcy, ensuring that all legal, financial, and administrative aspects are appropriately managed.
Insolvency Solutions
Facing insolvency can be daunting, but understanding your options and knowing how to navigate these challenges is crucial.
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.
“If you’ve done it once you can do it again”
— The Divinyls
If your business, or a client’s business, is under financial strain, it's crucial to act swiftly and explore available options.
Insolvency Facts: Check Your Knowledge
HOVER or TAP on the answer to test your knowledge.

QUESTION:
What proportion of corporate insolvencies in Australia is made up of small businesses?
ANSWER:
Small businesses, with a turnover of less than $1 million, make up around 80% of corporate insolvencies in Australia.

QUESTION:
Do turnaround professionals believe early intervention could prevent most corporate insolvencies?
ANSWER:
Yes, 65% of turnaround professionals believe that earlier intervention could prevent the majority of corporate insolvencies.

QUESTION:
What are the main causes of insolvency according to the Australian Securities and Investments Commission (ASIC)?
ANSWER:
The main causes of insolvency are inadequate cash flow (50%), poor strategic management (41%), and trade debtor losses (26%).

QUESTION:
What is the average time taken from the appointment of an external administrator to liquidation in Australia?
ANSWER:
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.

QUESTION:
How much do unsecured creditors typically receive in the event of an insolvent company liquidation in Australia?
ANSWER:
In Australia, unsecured creditors typically receive less than 10 cents on the dollar in insolvent company liquidations.

QUESTION:
What percentage of companies that enter voluntary administration in Australia successfully avoid liquidation?
ANSWER:
About 50% of companies that enter voluntary administration successfully avoid liquidation and return to solvency.
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Please answer these simple questions to help us understand a little more about you and your current situation, then navigate you in the right direction.
(Approx. Time: 3 minutes)

How can we help?
Are you struggling to keep up with personal debt repayments?
Do you seek compassionate guidance to explore your financial options?
Have you considered bankruptcy but are unsure about the implications?
Is your financial distress affecting your personal well-being and relationships?
Are you looking for a fresh start to regain control over your finances?
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.


How can we help?
Is your business struggling under the weight of financial obligations it can no longer meet?
Are you contemplating restructuring to breathe new life into your business operations?
Have you considered all the options to address insolvency but still need expert guidance?
Are you grappling with cash flow issues and creditor pressures that threaten the viability of your business?
Do you seek strategic advice to help fortify your business against future uncertainties?

How can we help?
Are you an industry professional advising clients on insolvency and restructuring?
Do you seek to deepen your understanding of the latest insolvency solutions and legal frameworks?
Is it crucial for you to stay ahead of industry trends to provide top-tier advice?
Are you interested in collaborative opportunities to expand your service offerings?
Do you value having a network of experienced professionals to support complex client cases?

How can we help?
Are you a creditor seeking to recover funds from companies or individuals?
Do you require assistance in understanding the intricacies of insolvency?
Are you looking for an experienced advocate to act on your behalf and get results?
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.

How can we help?
Is your business struggling under the weight of financial obligations it can no longer meet?
As a small business owner or company directors, are you contemplating restructuring to breathe new life into your business operations?
Have you considered all the options to address insolvency but find yourself in need of expert guidance to make the right decisions?
Are you grappling with cash flow issues and creditor pressures that threaten the viability of your business?
Do you seek strategic advice to not only overcome current challenges but also to fortify your business against future uncertainties?
For Business Owners & Directors
Embarking on the journey of running a small business or taking on the responsibility of company directorship is a testament to your entrepreneurial spirit. Yet, when financial turbulence looms, it can threaten the very core of your business's stability and future. TTJ Advisory stands as a beacon of hope and expertise, offering small business insolvency solutions and restructuring strategies tailored to navigate through these challenging times and guide you towards a sustainable future.
Services include:
If these questions strike a chord with your current situation, it's essential to explore how our insolvency solutions and restructuring services can help you regain control and set a course for recovery and growth.
For Individuals & Sole Traders
When personal financial turmoil strikes, it can feel like navigating through a storm without a compass. At TTJ Advisory, we understand the emotional weight and complexity of facing insolvency or bankruptcy. Our tailored services are designed to provide you with a clear path forward, transforming overwhelming challenges into actionable steps.

How can we help?
Are you struggling to keep up with personal debt repayments?
Do you seek compassionate guidance to explore your financial options?
Have you considered bankruptcy but are unsure about the implications?
Is your financial distress affecting your personal well-being and relationships?
Are you looking for a fresh start to regain control over your finances?
.png)
Please answer these simple questions to help us understand a little more about you and your current situation, then navigate you in the right direction.
(Approx. Time: 3 minutes)

Do you Qualify for SMR Solutions?
Would you prefer to restructure rather than liquidate?
Can you reasonably expect your creditors to agree to a restructuring plan?
Are your financial records accurate and up-to-date?
Are your total liabilities under $1 million?
Are your BAS and tax returns up-to-date?
Have you paid all wages, super, and other entitlements that are due?
Have your directors stayed clear of any SBR or Simplified Liquidation process in the past 7 years?
Do you want to keep your business running during and after restructuring?
Are you after a streamlined process that wraps up in 20 business days?
Is your business facing financial trouble but has a chance of bouncing back with the right help?
Next Steps
If you ticked most of these boxes, reach out to us to get the ball rolling.
Small Business Restructuring
Aimed at aiding small businesses in financial turmoil, this approach empowers company directors and management to maintain operational control while under the advisory of a restructuring practitioner like TTJ Advisory.
The primary goal of the Small Business Restructuring (SBR) Procedure is to offer a structured timeframe, not exceeding 3 years, within which directors can present a viable plan to creditors.
This plan focuses on settling outstanding liabilities, either partially or in full, based on negotiated terms.
The adherence to the Small Business Restructuring eligibility criteria is stringently monitored. It's advisable to consult with professionals to evaluate if this strategy aligns with your business's needs and to confirm eligibility.
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.
*Hover or click to reveal the answer

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.
*Hover or click to reveal the answer

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%).
*Hover or click to reveal the answer

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.
*Hover or click to reveal the answer

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.
*Hover or click to reveal the answer

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.
*Hover or click to reveal the answer
For Industry Professionals
In the dynamic financial advisory landscape, industry professionals like lawyers, tax accountants and bookkeepers are often the first port of call for distressed clients. TTJ Advisory is dedicated to empowering you with insights and tools to guide your clients through the storm of insolvency and restructuring. Our experience is your resource for delivering solutions that matter.

How can we help?
Are you an industry professional advising clients on insolvency and restructuring?
Do you seek to deepen your understanding of the latest insolvency solutions and legal frameworks?
Is it crucial for you to stay ahead of industry trends to provide top-tier advice?
Are you interested in collaborative opportunities to expand your service offerings?
Do you value having a network of experienced professionals to support complex client cases?
If you're committed to excellence in client service, we invite you to explore a relationship with TTJ Advisory, where our expertise becomes an extension of your practice. .
Browse TTJ's
Tools & Resources

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

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

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
Slide to browse >>>

How can we help?
Are you a creditor seeking to recover funds from companies or individuals?
Do you require assistance in understanding the intricacies of insolvency?
Are you looking for an experienced advocate to act on your behalf and get results?
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.
If these concerns align with your current situation, let's connect to discuss how our advisory services can support your recovery efforts.
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.
Contact Us

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