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. ...
PAST ARTICLES
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....
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. ...
Applying for Bankruptcy: A New Bankruptcy Form
To become bankrupt, you will need to complete a Bankruptcy Form. This is a new form which was issued by the Australian Financial Security Authority (AFSA) in January 2020....
Company Liquidation – Risks for Directors Part 3
Part 3 of Company Liquidation – Risk for Directors. Covering Insolvent Trading and ASIC Director Banning....
Company Liquidation – Risks for Directors Part 2
Part 2 of Company Liquidation – Risk for Directors. Looking at QBCC-related companies. ...
Success Story: Settling Debts for a Property Developer
Through our negotiations with creditors our client avoided liquidation and the risks involved. ...
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