We received a letter recently from a client we assisted move into bankruptcy, as background he had been unsuccessfully running a franchised business for five year, paying $2,500 a month in franchise fees to be a handyman, he had not made any money for three years and not drawn a salary since 2016.

“Hi Craig, it’s been six weeks since i went into bankruptcy and things have not been better, for the first time in years I have my own money in my account and I am not stressing every time the phone rings. I can see a way forward and I’m finally sleeping, I know I hated it at the time but with hindsight it was the best decision of my life”.

Whilst there is a lot of stigma around bankruptcy, for some business owners it will be the best decision that they make. A constantly unsuccessful business can be a cause not only of financial difficulties but also emotional strain and stress.shutterstock_178366088

More information? To find out more, give us a call on 1300 023 782 or email team@cdrta.com.au.

Schedule Appointment

The team at C&D Restructure and Taxation Advisory are here to help. As part of the Vault Group we can offer the full suite of financial products and advice to help you navigate the business landscape. Schedule a meeting here via Calendly or give us a call on 1300 1 VAULT (1300 182 858)

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Craig is the principal consultant of C&D Restructure and Taxation Advisory and has been working in the industry since 1999. Having established C&D Commercial Partners in 2015 the precursor to the current business.

Post Author: Craig Dangar

Craig is the principal consultant of C&D Restructure and Taxation Advisory and has been working in the industry since 1999. Having established C&D Commercial Partners in 2015 the precursor to the current business.

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