Case Study: How we settled a lease debt for $10,000
If you or your company owes a lease, or other type of debt you cannot pay and you would like to consider all options available, please contact us for a free no obligation consultation....
PAST ARTICLES
Queensland bankruptcy numbers still down
It was thought there may be an increase in personal insolvencies/bankruptcies in the second half of 2021 but this has not turned out to be the case. What will 2022 bring? ...
Construction insolvencies to rise in 2021
It is anticipated that from mid-2021 onwards there will be a significant increase in insolvency appointments as various government stimulus packages come to a close....
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...
Possible Increase to Statutory Demand Threshold
Statutory demands can currently be issued by creditors who are owed a debt of at least $2,000 by a company. The Federal Government is considering increasing the threshold to $10,000....
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. ...
COVID-19 Support Measures for Tax Debts
The ATO has implemented COVID-19 Support Measures to ease the burden of tax debts during this time. ...
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....
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. ...
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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