Phoenix for insolvent companies: It must be legal
Transferring assets from an insolvent company to a new one can be legal. Here's how to avoid the risk of illegal phoenix activity....
PAST ARTICLES
Why lease guarantees can be a company director’s worst nightmare in a liquidation
Are you the director of a company facing liquidation? Here's some of the risks associated with the company’s lease guarantees and how to minimise these risks to try to avoid bankruptcy....
Risks Associated with Director Loans to Insolvent Companies, Including Bankruptcy
Are any of your clients directors of a company in financial trouble? If so, here are four ways they can avoid risks, including bankruptcy, from any director loans they owe....
Payments to the ATO: How to get the priority changed
The way the ATO applies payments it receives can make a big difference. Here's how to get the order changed to help your clients’ businesses....
Let’s make a deal: How to negotiate complex payment arrangements with the ATO
Have you got clients facing liquidation by the ATO? Having trouble negotiating a payment arrangement? Here are some tips on how to do it (and how we can help)....
When are you personally responsible for your company’s debt?
Being the director of a company carries numerous potential liabilities – we look at a few of the situations where you must also take on the business' debt....
How does the ATO force your business’ hand?
The Australian Taxation Office handles a large number of debts, and chases up businesses in many ways. Here is what to look out for....
Pre-Insolvency Advisor Jailed
A Gold Coast pre insolvency advisor has been sentenced to eight months imprisonment, which is to be served by way of an intensive correction order. This follows an investigation and subsequent prosecution instigated by the ASIC. The investigation and prosecution resulted from the advisor arrangin...
ATO and ASIC Target Illegal Phoenix Activity
In August 2016, the ATO and the ASIC conducted raids on 13 businesses and residences in Brisbane, the Gold Coast and Melbourne. The raids were targeted at one or more pre-insolvency advisors who the ASIC and the ATO suspected may have been involved in facilitating illegal phoenix activity. Illeg...
ASIC Taking Steps to Stop Illegal Phoenix Activity
The ASIC is currently taking steps to combat illegal phoenix activity. The ASIC has advised “illegal phoenix activity is a serious crime and may res...
GET IN TOUCH
We’re happy to answer any questions you may have, so please don’t hesitate to call us and schedule a consultation.
BRISBANE OFFICE
Address
Level 12
127 Creek Street
Brisbane Qld 4000
Phone
Phone: 07 3221 0055
Fax: 07 3221 8885
Postal Address
GPO Box 691
Brisbane Qld 4001
GOLD COAST OFFICE
Address
Level 15, Corporate Centre One
2 Corporate Court
Bundall Qld 4217
Phone
Phone: 07 5630 1179
Fax: 07 3221 8885
FOLLOW US
Information
Services
Follow us
Subscribe
- Liability limited by a scheme approved under Professional Standards Legislation.
- © 2024 Pearce & Heers Insolvency Accountants
- Privacy Policy
- Disclaimer
- Site Design