Insolvent Trading Moratorium Extended
As part of the Federal Government's COVID-19 Measures, it introduced a moratorium regarding trading a business while insolvent, this has been extended to 31 December, but not without conditions. ...
PAST ARTICLES
Federal Government Releases Proposed Small Business Restructuring Legislation
The Federal Government has now released draft legislation for small business restructuring being the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020....
Queensland Extends Regulations Relating to Covid-19 Rent Relief Negotiations
The Queensland Government has extended rent relief negotiation provisions from 30 September 2020 to 31 December 2020. However, whilst the application of the Regulations has been extended, the Regulations have also been amended....
Covid-19 Insolvency Protection Extended
Temporary protections afforded to insolvent individuals and businesses during COVID-19, were due to expire at the end of Septemeber 2020, these have now been extended until 31 December 2020. ...
How will Small Business Restructuring to Avoid Liquidation Work
We explore how the Federal Government's new proposal for small business restructuring to avoid liquidation will work in practice. ...
Proposed New Small Business Restructuring Process
The Federal Government has proposed a new, simplified small business restructuring process for eligible small businesses....
Options for Insolvent Businesses When JobKeeper Ends
We look at what options are available if your business is facing difficulties paying its debts after JobKeeper ends....
Success Story: Settling A Lease Debt To Avoid Liquidation
A success story of a client we helped settle a lease debt to avoid liquidation. ...
Success Story: Negotiating a Settlement of a Mortgage Shortfall Debt
A common misconception is that mortgage insurance protects a purchaser should there be a mortgage shortfall when the property is sold. But the insurer will then pursue you for the shortfall....
What Happens To My Credit Rating If I Go Bankrupt?
Avoiding bankruptcy by negotiating settlements naturally avoids the problems commonly associated with being recorded by credit reporting agencies and listed on the NPII register....
When Is Liquidation The Best Option For Your Company?
We look at the key issues of company liquidation, including circumstances where it is beneficial for a company to be placed in liquidation....
Post Covid-19 Business Restructuring – Voluntary Administration vs Legal Phoenix
Many businesses have been significantly impacted by the Covid-19 pandemic. This may have resulted in them accruing unpayable debts, such as tax debts. A lot of these businesses will return to profitability, however, it may not be enough to pay off the unpaid debts they have incurred. ...
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