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....
PAST ARTICLES
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. ...
Coronavirus Financial Impact on Charities and Charity Insolvency
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...
Risks of Director Penalty Notices: A Case Study
Our client could have avoided Director Penalty Notices and the liability involved. Contact us before it's too late. ...
COVID-19 Disruption – Rent Relief Negotiations and the Code of Conduct
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...
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