The small business restructuring scheme was introduced during the COVID-19 pandemic to streamline business debt restructuring and reduce costs. It has been 18 months since it became operational, and many struggling businesses have opted to take advantage of the scheme....
Liquidating your company involves appointing a Liquidator to sell the company's assets and distribute the proceeds to creditors. Shareholders typically resolve to place the company in liquidation, either by unanimous agreement or through a special resolution at a shareholders' meeting. The Liquidator will then handle the liquidation process, with your assistance in providing records and information. Costs vary depending on the company's assets, but upfront fees are usually required if assets are limited. For more information or assistance with liquidation, contact our Brisbane or Gold Coast office....
Insolvency Practitioners can provide services beyond formal appointments. They can provide invaluable advice to directors. ...
Liquidators are obligated to act independently and in the best interest of creditors. However, there can be times, when creditors look to appoint another Liquidator....
A company is insolvent if it is unable to pay amounts that it owes to creditors when they become due and payable. There are various relevant in determining when a company is insolvent, some of which are set out here. ...
Need advice on restructuring or understanding your options at this critical time? Here are 4 things to look out for when choosing the right insolvency advisor… ...
Business liquidation is one path to take if in financial difficulty. Get your questions about liquidation answered & make the best decision for your business…...
Are you considering liquidation of your company? If so, don’t fall for these 7 common liquidation myths… go with the facts rather than unfounded fears!...
Accountants benefit from choosing a liquidator to collaborate with on client problems – not just for liquidation! Here are 9 reasons why you should find one…...
Liquidators have a duty to act independently and in the best interests of the creditors of a company. However, creditors and liquidators may see things differently at times. But do creditors have the power to remove a liquidator, if they feel it’s warranted? If so, what is the process for removing a liquidator and getting another one appointed?...
Building company liquidations start a chain reaction of legal and financial consequences. Here's how the different parties are affected....
Is your company facing insolvency? Before you appoint a Liquidator or Voluntary Administrator, why not check out these four alternative options?...
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