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Financial Distress and COVID-19 (on-demand)

Be guided through the typical scope and content of an initial consultation between a director of a financially-distressed SME and an insolvency practitioner.

About this course

In this on-demand, online course, UTS Faculty of Law Senior Lecturer, Mark Wellard and Senior insolvency practitioner, Sean Wengel take you through a typical initial consultation between the director of a financially-distressed SME and an insolvency practitioner.

Items discussed include objectives, financial information, strategic options, formal insolvency procedures vs informal workouts, directors’ duties, COVID-19 issues, fees/costs; the role, standards and duties of a professional insolvency practitioner; timing issues - when to act, when to consult, choosing an insolvency practitioner; individual financial distress and business-related bankruptcy and alternatives to bankruptcy.

Course structure

This course consists of a 70-minute video recording of a conversation between UTS Law Senior Lecturer Mark Wellard and William Buck Director, Sean Wengel, together with reference resources.

Continuing Professional Development

For NSW lawyers, the Law Society of New South Wales advises: "If this particular educational activity extends your knowledge and skills in areas that are relevant to your practice needs or professional development, then you should claim one (1) "unit" for each hour of attendance, refreshment breaks not included."

Learning outcomes

This course will assist participants to:

  • Understand the role of the insolvency practitioner
  • Identify strategies for advising directors of financially-distressed SMEs.


A discount of 10% is available to UTS Alumni or UTS Staff enrolling in this short course. If you are eligible for this discount, please ensure you have provided your UTS Student or Staff ID number in your UTS Open Profile (under ‘a bit about you’).

When signing up for the session, use the relevant voucher code to apply the discount to your cart:

  • UTS Student / Alumni: Lawalumni
  • UTS Staff: Lstaff

Please note that discounts cannot be combined. A limit of one discount applies per person per course session.

Enrolment conditions

COVID-19 response 

Who is this course for?

This program is particularly useful for:

  • General practitioners
  • Corporate law specialists
  • In-house counsel and general counsel teams
  • Legal officers
  • Insolvency practitioners
  • Litigation lawyers.




Start anytime




1.1 hrs

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Have a question?

Meet the Expert

Mark Wellard

Mark Wellard
Senior Lecturer, Faculty of Law

Senior Lecturer Mark Wellard is a published insolvency law academic and former Legal Director of ARITA. Before becoming an academic, Mark practised as a senior insolvency lawyer with leading law firms in Australia and the UK. Mark leads the UTS team that develops and delivers ARITA Advanced Certification.

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Sean Wengel

Sean Wengel
Director, William Buck

Sean’s role as Director at William Buck sees him as leader of a Restructuring and Insolvency team which provides the entire range of formal and informal corporate and personal insolvency related services, including voluntary administrations, liquidations, receiverships, creditors’ trusts, fraud investigations, bankruptcies and personal insolvency agreements.

As a registered liquidator and trustee in bankruptcy practicing in the industry since 2001, Sean applies his experience with a hands-on approach to his clients and as appointee on external administrations.

Working with the full service accounting capabilities of William Buck’s national practice, the Restructuring and Insolvency teams are uniquely placed to provide expert advice to all forms of business to achieve the best possible outcomes in challenging circumstances.

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Book a session

Self paced
Expert: Mark Wellard, Sean Wengel
  • Start anytime
  • Online
  • 1 session, 1.1 hours total

Note: Course content recorded May 2020

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Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.