The Difference Between Bankruptcy and Liquidation
Individuals aren’t the only group who can become insolvent or experience financial difficulties – businesses often face the same struggles. Whil...
Individuals aren’t the only group who can become insolvent or experience financial difficulties – businesses often face the same struggles. Whil...
If you find yourself facing financial difficulties, bankruptcy can be an effective method for finding relief from your creditors and regaining control...
Corporate insolvency can occur for any number of reasons. From simple misfortune to market downturns, thousands of companies face financial struggles ...
Throughout the course of our lives, most of us will experience financial difficulties at one point or another. While many people are lucky enough to r...
In Australia, bankruptcy is the legal process where an individual declares that they are unable to pay their debts. As part of the bankruptcy process,...
Bankruptcy is a legal process that allows individuals to be released from most debts. Throughout the bankruptcy process, a Trustee will take stock of ...
During the past two years of the COVID Pandemic, it is well known that the Australian Taxation Office (ATO) has undertaken limited recovery action of ...
What is a DPN? A Director Penalty Notice (DPN) is a notice issued by the Australian Taxation Office (ATO) to a director of a company in respect of unp...
The Reserve Bank of Australia (RBA) recently announced its intention to implement a digital currency to “complement existing forms of money.” The RBA ...
It is common for private companies to be born out of a light-bulb moment between friends or family. From the outset, it may seem all sunshine and rain...
The market for SMEs has been characterised by uncertainty and various business stressors over the last two years. One of the newest emerging issues fa...
What Employment Restrictions exist for Bankrupts? When a state of bankruptcy is declared, there are understandably many questions regarding future emp...
The native North American Grizzly bear and the ATO. Can there be similarities between an animal and a sovereign regime? Let’s compare the two and find...
The sale of a family business is usually an exciting time for all involved. This is particularly true for those who started out with a business idea a...
Provisional Liquidation can be an effective process to protect your interest in a Company and may be available to directors, shareholders, creditors a...
Knowing and fulfilling your duties as a company director is essential when running a business. The Corporations Act 2001 outlines general duties that ...
Owing tax debt to the ATO can be a serious issue for businesses. Whether you are a director of a company or a sole trader, ignoring tax debts can come...
Transfer of property (assets) by a debtor to a spouse / relative in the period leading up to bankruptcy is a common occurrence. This transfer is often...