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Oct
Exiting the Family Business and Members Voluntary Liquidations – Can a MVL help you?
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...
- 04Aug
Caught between a rock and a hard place – Provisional Liquidation may help protect your interests in a dispute
Provisional Liquidation can be an effective process to protect your interest in a Company and may be available to directors, shareholders, creditors a...
- 07Jul
Do you know your Duties as a Company Director?
Knowing and fulfilling your duties as a company director is essential when running a business. The Corporations Act 2001 outlines general duties that ...
- 22Jun
What you need to know about ATO Tax Debt and the Consequences of Failure to Pay
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...
- 19May
Related Party Transfers – Pre-Bankruptcy
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...
- 26Feb
Unlocking Insolvency – Creditors’ Meetings 101 (Corporate)
Welcome to article one in our new series, Unlocking Insolvency. Through this new series, we’ll shed light on the unknowns of the insolvency proc...
- 08Feb
Statutory Demands in 2021 and Beyond – Things You Ought To Know
A Company owes you money. It is overdue and you feel you have made all attempts to get them to pay, including phone calls, letters of demand and exten...
- 20Jan
New Restructuring and Insolvency Processes for Small Business
Welcome to 2021! In our previous update in the December Quarterly Newsletter (read here), we provided an overview on the New Restructuring and Insolve...
- 07Dec
Don’t Ignore Your Bankruptcy Trustees! There Are Consequences.
Non-compliance by a Bankrupt is a common occurrence when managing a Bankrupt Estate. More often than not, a Bankrupt will not respond to written corre...
- 23Oct
Beware the Lawyers “fruits of the action” Lien!
A lien is defined typically as “a right to keep possession of property belonging to another person until a debt owed by that person is discharged” or,...
- 08Oct
Voluntary Administration – What is it and how does the process work?
Voluntary Administration (VA) is an insolvency process that can allow an otherwise likely insolvent company and its director(s) the opportunity to fre...
- 24Sep
Business Survival Tips
Whilst Australia continues to manage “the curve”, this has come at a significant cost to business and the economy as a whole. No one knows when it wil...
- 10Sep
Getting The Most Out Of A Personal Insolvency Agreement
A Brief History of Personal Insolvency Agreements A Personal Insolvency Agreement (PIA) is a formal arrangement for a debtor to discharge their debts ...
- 27Aug
How Much Can I Earn Whilst Bankrupt?
Some people spend a lot of time and money to “hide their assets” in case their finances go south and they are faced with bankruptcy. They might set up...
- 20Jul
What Happens to Your Business When COVID Support Ceases?
Many businesses have managed to survive in the COVID impacted economy by:...
- 16Jul
Time to Dispose of Redundant Companies
With the start of the new financial year, now is the time to consider whether your clients have companies that are no longer required....
- 22Jun
Travel Vouchers & Insolvency – Clear Skies or a Turbulent Ride?
Australians love to travel. We’re an adventurous and resilient lot. COVID-19 has tested that resilience on a number of fronts, including the restraint...
- 22Jun
F.A.F.G.A – The perils of a failed DOCA
A recent Federal Court case (1) has found that the liquidator of a company after a failed Deed of Company Arrangement (DOCA) [our FAQ’s on DOCA’s can ...
- 22Jun
Don’t Waste the Crisis: Is NOW the Opportunity of a Lifetime to Restructure?
I am stating the obvious by saying the COVID-19 caused lockdown in Australia will not be remembered by most as the Time of Opportunity in the lucky co...
- 22Jun
Isolating from a Bankruptcy Trustee?
There is an old bankruptcy expression called “keeping house” – an act of bankruptcy in fact before a person is made bankrupt. Picture the blinds that ...
