Our client’s problem We were recently referred a property developer client who had two companies which were involved in a failed property development in northern New South Wales. The companies had limited assets and they owed several hundred thousand dollars to creditors.
The direct cost of illegal phoenix activity was estimated to cost between $2.85 billion to $5.13 billion for the period from 1 July 2015 to 30 June 2016.
A reviewing liquidator’s role is to review whether the fees and expenses being claimed by a liquidator on a liquidation are reasonable.
A debt agreement or bankruptcy are two options if you are facing financial difficulty – but how do you know which is best for you? The differences are explained here…
Submitting outstanding ATO lodgements in the belief that it will reduce exposure for your business may have the reverse effect. Find out what you can do here..
Phoenixing a company is often seen as the cheapest option – but there are many hidden costs. If you’re considering phoenixing your company, read this first.
Not sure of the difference between liquidation, bankruptcy & insolvency? Find out here, with each term explained in full by experts in the field…
Businesses with large unpaid tax debts are in danger – but ATO debt help can assist with payments and become a lifeline for your business. Find out more…
