Asset structuring for directors to avoid insolvency risks
No one wants their company to go into liquidation. But if your company does, you want to be in the best position to minimise your personal financial risks. So, how can you do this? ...
PAST ARTICLES
Case Study: Lockdown Director Penalty Notices for Unpaid Superannuation
If your company is in financial difficulty, there are numerous risks involved, including the risks of lockdown Director Penalty Notices....
Is it an offence to gamble and lose money before bankruptcy?
It is a little-known fact that it can be an offence to gamble leading up to your bankruptcy. This is because Section 271 of Bankruptcy Act 1966 (the Act) provides that it is an offence for a person to gamble away funds within two years of the commencement of their bankruptc...
Risk of the ATO issuing a Garnishee Notice to your employer: A Case Study
If our client had contacted us earlier, we could have advised him of how to deal with his tax debt and the risks involved....
How to remove a Bankruptcy Trustee
If you are a creditor of a bankrupt estate, you may not be happy with the steps taken by the Bankruptcy Trustee. This can include steps taken to ...
Dangers of ATO Garnishee Notices: A Case Study
This is Case Study of what happened to a client when the ATO issued a Garnishee Notice to their bank. And what our client should have done to avoid the risk....
How to replace the Liquidator of a company
Liquidators are obligated to act independently and in the best interest of creditors. However, there can be times, when creditors look to appoint another Liquidator....
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. ...
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
The Australian Financial and Security Authority (AFSA) has warned the public of potential dodgy insolvency advisors targeting individuals who are...
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
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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