Business, Director, Insolvency. Before deciding to liquidate, speak with restructuring and turnaround practitioner Eddie.
The announcement of temporary relief for directors for insolvent trading personal liability – or the new ‘COVID-19 Safe Harbour‘ –…
In response to the pandemic, a range of economic measures have been announced. Referred to as the COVID-19 Safe Harbour,…
Every business owner knows that getting paid by your customers is not easy. Imagine this scenario… A major customer of…
Receiving a Statutory Demand A Statutory Demand is very different to a standard letter of demand issued by a creditor.…
Startups and Safe Harbour Protection for Directors Concerns over inadvertent breaches of insolvent trading laws are frequently cited as a…
Illegal Phoenix Activity Treasurer Scott Morrison says he wants to make sure small businesses avoid falling foul to phoenix activity…
Ipso Facto Clause Stay – ’24 days left to have your say’ The Treasury Laws Amendment (2017 Enterprise Incentives No.…
Stage 2 of the Governments two staged legislative reform roll out becomes effective on 1 July 2018 with a stay…
The SME market has had it very tough in Australia – smaller and family businesses have struggled to avoid failure…
Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…
Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…
The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…
Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…