Part 2 of Company Liquidation – Risk for Directors. Looking at QBCC-related companies. ...
Through our negotiations with creditors our client avoided liquidation and the risks involved. ...
Since the economic impact of coronavirus (COVID-19) hit in March and April 2020, many companies have relied on JobKeeper payments and the deferral of debts by banks, landlords and financiers to avoid insolvency. This includes numerous charity organisations that have seen significant declines in reve...
Rent relief negotiations are a vital component of the survival strategy for many businesses experiencing significant disruption due to COVID-19. The National Cabinet’s mandatory Code of Conduct for landlords and SME tenants provides guiding principles for negotiating rent relief arrangements wher...
A company is insolvent if it is unable to pay amounts that it owes to creditors when they become due and payable. There are various relevant in determining when a company is insolvent, some of which are set out here. ...
A members’ voluntary liquidation (MVL) is the formal process of winding up a solvent company. During the MVL process, any surplus assets are distributed to a company’s members and the company is ultimately deregistered. ...
The coronavirus has had a massive impact on businesses. Whilst there are various government support schemes in place, many businesses have been losing money and one of the first things that businesses stop paying are tax debts. ...
mothball [verb] - to withdraw from use or service and keep in reserve; to stop work on an idea, plan or job, but leaving it in such a way that you can start on it again at some point in the future. ...
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