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Closed from 12:00pm Friday, 22 December 2017 – returning on Monday, 8 January 2018.
December 20, 2017
As the end of the year is fast approaching, it is a good opportunity to reflect on 2017 and forecast for the year ahead.
A key theme to 2017 for our industry can be summed up in one C word – ‘change’. Often the word ‘change’ has negative connotations, however managed properly; change can lead to positive outcomes for businesses.
November 30, 2017
As trustees, perhaps ironically, we work hard to steer people away from bankruptcy, recommending that they negotiate with their creditors wherever possible to avoid the implications of bankruptcy including:
One of the first questions we are asked when insolvency strikes is “Will the employees recover their outstanding entitlements?”.
Fortunately, the Fair Entitlements Guarantee (FEG) Scheme has enabled us to answer that in most cases an employee’s outstanding entitlements are safeguarded in the event of insolvency.
At times, businesses will face difficulties in collecting monies owed from recalcitrant debtors and may need to rely upon liquidators or external administrators to assist us and other stakeholders.
November 29, 2017
The Federal Government announced in 2015 that as part of its National Innovation and Science Agenda, the period of bankruptcy in Australia will be reduced from three years to one year.
Two recent cases have led me to ask the question. “Why would any bankrupt in their right mind hand in their passport to their Trustee in Bankruptcy?” In both cases, I thought it was a no-brainer; the Trustee should retain the passport, but in each case I got it wrong; the Court ordered for the passport to be returned to the bankrupt. Here we look at the circumstances of each...
September 20, 2017
SV Partners is pleased to announce the expansion of our services to Perth as of the 13th of September. New to the SV Partners team, Director Malcolm Field, will be leading our Perth office alongside his established insolvency team. With over 15 years’ experience in insolvency, we are confident Malcolm will bring a demonstrated level of knowledge and skill to the team that will be a success to our Perth…
It is undeniable that the ATO has broad powers to collect taxation debts and enforce compliance on taxpayers. Where the ATO believes that stronger recovery action is required against a taxpayer, it may elect to issue garnishee notices to persons or businesses that may hold money for that taxpayer. It is difficult however to grasp the volume of garnishee notices issued each year, as these figures are not reported in...