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We are pleased to announce that SV Partners has opened an office in Rockhampton. The expansion is supported by a growing region and our continued commitment to servicing professionals and their clients in Central Queensland for over a decade.
October 11, 2018
Bankruptcy, of course, entails the statutory “shakedown” of the bankrupt for their divisible assets. For high-income earners, there is also an obligation to pay contributions to the bankrupt estate from their income. This article explores a recent Federal court case and touches on some less frequently seen examples of income.
September 7, 2018
With the continued rise of Self-Managed Superannuation Funds (“SMSF”) bankruptcy trustees are frequently considering the effect bankruptcy has on the fund and if they have any interest in the fund.
Whilst in simple terms cryptocurrencies are a form of electronic cash, their mainstream emergence through the 2017 calendar year, spurred an interest in emerging markets, not seen since the dot-com boom of 1995-2000. Between 30 June 2017 and 31 December 2017, the market capitalisation of cryptocurrencies went from $102bn to $568bn.
On 1 May 2018, the Supreme Court of NSW ordered the winding up of the Company and the appointment of Jason Porter of SV Partners as liquidator of the Company. The winding-up order made was based on the presumption of insolvency from the failure of the Company to comply with a statutory demand issued by the applicant creditor (section 459C(2)(a) of the Corporations Act (Act)).
September 6, 2018
Expressions of interest sought for a large quantity of catering stock
August 22, 2018
The Appointed Liquidator for Crous Retail Enterprises Pty Ltd, (operated the North Buderim IGA) and Crous Retail Management Pty Ltd, (operated the Buderim IGA) SV Partners, confirms the liquidation of the above businesses as at 12 July 2018, with David Stimpson as the appointed liquidator. SV Partners are currently liaising with prospective purchasers and other stakeholders regarding a sale with the hope of reopening the stores. SV Partners are confident...
August 3, 2018
Often, people with financial difficulties facing pressure from creditors will try to protect their property by transferring it to a spouse or family member to avoid the property forming part of the asset pool if the person later becomes bankrupt. The following options are available to bankruptcy trustees to recover property that was transferred by a person who later becomes bankrupt:
June 4, 2018
It’s common knowledge that the Australian Taxation Office (ATO) is often one of the last creditors to be paid and is used by businesses and taxpayers intentionally or unintentionally as the “Bank of Last Resort”. In recent years there has been a lot of talk on phoenix activity, tax avoidance etc. and its effect on the Australian economy.