Do you know how the bankruptcy process works, and what you could lose? What exactly is the most important asset that can be taken from you?
Investors in failed schemes from Great Southern and Gunns have found their investments worthless and loans still payable. How do you move forward from this?
Australia’s love of credit cards is a double edged sword, as too many people are suffering under the weight of credit card debt. In this article we explain a couple ways you can get on top of your credit card debt.
A Gold Coast pre-insolvency advisor has been sentenced to eight months imprisonment, which is to be served by way of an intensive correction order. This follows an investigation and subsequent prosecution instigated by the ASIC.
If you or your company can’t pay its tax debt its important you negotiate a payment arrangement with the ATO to avoid recovery action over your tax debt.
Company directors have a general duty to prevent a company from trading if it is insolvent. A director of a company which continues to trade whilst it is insolvent may be liable for insolvent trading.
Directors can face insolvent trading claims if they continue trading when their company is insolvent. So how do you determine if a company is insolvent?