Senior Manager
Rima Forbes
T:
03 8320 5645
M:
Melbourne
Recognising that a one-size-fits-all approach often falls short of achieving the best outcomes for all stakeholders, Rima adopts a personalised, strategic approach to each client. With over 17 years of experience, Rima expertly guides companies through the complexities of restructuring and insolvency processes, aiming to achieve successful outcomes while delivering compassionate and empathetic support.
Specialising in both voluntary and involuntary corporate insolvencies, Rima has extensive expertise across industries such as manufacturing, retail, property, agriculture, and financial services.
Her career has included roles at a mid-tier accounting firm and as a contractor with several boutique corporate advisory firms, where she has provided valuable guidance to businesses of all sizes.
Rima is adept at managing all aspects of insolvency appointments, from overseeing daily operations and forecasting to stakeholder engagement, asset realisations, investigations, and the distribution of funds to creditors.
A packaged food manufacturer in Melbourne faced over $2.6 million in debt, including $1.8 million in tax liabilities and $320,000 in employee entitlements, which it was unable to repay.
Rima played a pivotal role in managing a strategic campaign to market and sell the business, while ensuring ongoing operations to preserve its value during the process.
The company was successfully restructured through a Deed of Company Arrangement, resulting in full repayment to secured and priority creditors. The restructure also delivered significant commercial benefits, including the continuation of key contracts through ongoing trade, the retention of more than 60 employees, and the continued leasing of the company’s four premises.
A bus manufacturer with operations in South Australia and Queensland faced significant debt due to the prolonged impacts of the COVID-19 pandemic and ongoing structural challenges within the industry. The company needed a solution that would allow it to continue operations and meet existing contractual obligations.
Rima played a central role in managing a comprehensive sale campaign, which resulted in the successful sale of the business through a Deed of Company Arrangement to a renowned New South Wales-based bus manufacturer.
The business remained operational, preserving over 110 jobs across Queensland and South Australia. The sale also facilitated the discharge or rescheduling of registered securities amounting to over $33 million. Additionally, the transaction ensured the continuity of existing customer contracts, allowing the ongoing supply of buses to state governments throughout Australia.
Rima has been instrumental in successfully restructuring several businesses through Deeds of Company Arrangements (DOCAs), tackling a wide range of complex cases. These include DOCAs that involved asset sale agreements upon completion, as well as those requiring the establishment of creditors' trusts.
