Business consulting
The Power of the ATO During an Insolvency
Approximately 8,048 Australian companies experienced external administration (EXAD) in the 12 months ended March 2019.…
Business consulting
Insolvency Amnesty Provides Breathing Room
The Australian Federal Government announced Sunday (22 March 2020) that it intends to make temporary…
Business consulting
How do we Protect Subbies from Builders like JM Kelly?
Many businesses are not aware of how their assets could be caught up in someone else’s liquidation or administration. For subcontractors, one of the hidden dangers when dealing with builders is the potential to be hit with a preferential payment demand if the builder enters into liquidation.
Business consulting
Personal Insolvency and Business Impact
Businesses are launched with the best intentions, but even the most astute plans can be undone by changes in the business environment or competitive landscape, consumer tastes, rising costs, or cash flow problems.
Personal insolvency could also have a big impact, as your personal and business obligations are often closely intertwined.
Business consulting
Closing an insolvent business
If your business is unable to repay its debts, it could be insolvent. Closing a business can be a complicated and emotional time, but insolvent trading laws means directors should understand their options and make a decision as soon as possible. Seeking advice from insolvency professionals can make the process easier, help you stay fully compliant with the law throughout the process, and help you avoid unwanted surprises.