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PAST ARTICLES

Success Story: Settling a $785,000 bank debt for $26,000

Success Story: Settling a $785,000 bank debt for $26,000

Can you settle a large debt you owe to your bank for a minimal amount? Read how we helped a client settle for less. ...

Small business restructuring: What are the problems and risks

Small business restructuring: What are the problems and risks

If you are considering the small business restructuring process, ensure that you consider the issues discussed in this article....

Construction insolvencies to rise in 2021

Construction insolvencies to rise in 2021

It is anticipated that from mid-2021 onwards there will be a significant increase in insolvency appointments as various government stimulus packages come to a close....

Business tax debts increase because of Covid-19

Business tax debts increase because of Covid-19

As a result of Covid-19 there has been a significant increase in the level of tax debt owed to the ATO. This has seen unpaid tax debt nearly double in the last four years. ...

What Happens to Debts of a Deceased Estate?

What Happens to Debts of a Deceased Estate?

The executor or administrator of a deceased estate will have the duty to deal with the deceased’s debts and pay them where possible from the deceased’s assets. The remainder of the estate after the payment of these debts will be distributed to the deceased’s beneficiaries. Some estates, howev...

New rules to stop backdating of directors’ resignations

New rules to stop backdating of directors’ resignations

The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020. This law includes provisions to stop directors backdating their resignation as director or at all if it would leave the company without a director....

What can businesses do now that JobKeeper has ended?

What can businesses do now that JobKeeper has ended?

In March, there were still over 370,000 business and 1 million employees taking advantage of JobKeeper. So now that JobKeeper has ended what will happen to those businesses who relied on it?...

AFSA Warns of Dodgy Insolvency Advisors

AFSA Warns of Dodgy Insolvency Advisors

The Australian Financial and Security Authority (AFSA) has warned the public of potential dodgy insolvency advisors targeting individuals who are...

How voluntary administration saved a Covid-19 impacted business

How voluntary administration saved a Covid-19 impacted business

Voluntary administration can sometimes be the best option for a company in financial difficulty. Especially if a business has been severely impacted by Covid-19. ...

Possible Increase to Statutory Demand Threshold

Possible Increase to Statutory Demand Threshold

Statutory demands can currently be issued by creditors who are owed a debt of at least $2,000 by a company. The Federal Government is considering increasing the threshold to $10,000....

When Is Liquidation The Best Option For Your Company?

When Is Liquidation The Best Option For Your Company?

Is liquidation necessarily bad? Should you avoid liquidation at all costs? Or can liquidation actually be the best thing for your company? This article looks at the key issues of company liquidation....

Bankruptcy threshold now $10,000

Bankruptcy threshold now $10,000

The Federal Government has announced the cessation of the temporary protections and fixed a new threshold at which a creditor can issue of bankruptcy notice at $10,000....

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