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....
PAST ARTICLES
Ending Bankruptcy Early by a Section 73 Composition
Our Bankruptcy trustee experience can help you with a Section 73 Composition to assist with exiting a bankruptcy sooner. ...
How Much Can You Earn if You Are Bankrupt?
If you are wondering whether there is a limit as to how much you can if you are bankrupt, you have come to the right place. ...
How Does the Bankruptcy Process Work
There is often confusion about how the bankruptcy process works. When we meet with clients we provide details of the bankruptcy process and how it will impact them. This article also provides a brief overview. ...
Further Extension of Covid-19 Insolvency Relief From 1 January 2021
There are new requirements to access the temporary protections afforded to insolvent businesses and their directors due to Covid-19. We can discuss all the options with you. ...
Proposed Small Business Restructuring Legislation Passes House of Representatives
The House of Representatives passed the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 on 8 December 2020....
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. ...
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....
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