Debt management | Cactus Consulting

Success Story: Avoid Bankruptcy By Settling Personal Guarantee Debts

20 Jul 2020

What should you do if you provided a personal guarantee and your business is struggling? One of the things you can do is to negotiate a settlement.

The cost of illegal phoenix activity

24 Jan 2020

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.

Plutus Payroll Case Study; Significant tax fraud

26 Nov 2019

Plutus Payroll Australia managed to misappropriate approximately $167 million in PAYG tax owed to the ATO. With these funds they lived a lavish lifestyle, buying expensive houses, fast cars and travelling to exotic places. Single Touch Payroll reduces the chances of this type of fraud happening.

Director Penalty Notices – Don’t Get Caught Out

08 Oct 2018

Director Penalty Notices (DPNs) are just one of the broad range of powers available to the Australian Taxation Office to pursue delinquent debtors.

5 Simple Tips for Business Success

20 Aug 2018

Business owners often struggle with the operational and financial aspects of their business. We provide 5 tips for business success here.

Debt Settlement – How a franchisee owner settled a landlord debt and avoided bankruptcy

15 Jun 2018

It is a common scenario that when a business leasing premises from someone fails there will be a significant debt owed to the landlord. This is the case because usually under the terms of the lease, landlords can claim rent for the remaining period of the lease (i.e. another 4 years after the lease has… Read more »

Debt Settlement Case Study – How a couple with personal guarantee debts avoided bankruptcy

30 May 2018

It is a common scenario that when a company goes into liquidation the directors will have debts they are liable for because of personal guarantees.

ATO Garnishee Notices – What you need to know

07 Apr 2018

The ability to issue a Garnishee Notice to a tax payer’s bank or employer is just one of the many powers available to the ATO to try and recover debts owed. A Garnishee Notice will ordinarily be issued to a tax payer’s bank for the payment of all (or a set percentage) of funds held… Read more »

Debt agreement vs bankruptcy - understand the differences before deciding

Debt Agreement vs Bankruptcy: What’s best for you?

22 Feb 2018

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…

Category: Debt management