If you require any pre-insolvency advice, our team of accountants is ideally placed to provide professional advice on alternatives to bankruptcy or liquidation. It is always important to seek advice from qualified professionals.
Insolvency Appointments Declined Significantly Despite COVID-19
The Australian Securities and Investments Commission and the Australian Financial Security Authority recently released the statistics for insolvency appointments across Australia.
House of Representative Passes Proposed Small Business Restructuring Legislation
The Australian Federal Government is proposing a simplified small business restructuring process (SBRP). We have covered the key features of the proposal here: The Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 passed the House of Representatives on 8 December 2020 after three readings. It will now be debated in the Senate, and it is set… Read more »
Extension of Insolvency Relief Measures
The government has recently extended the JobKeeper program to March 2021, albeit in reduced sums. Other measures have also been extended to 31 December.
Insolvency advice for directors: 6 things NOT to do before liquidation
Directors facing insolvency often make rash decisions & create further problems. If you’re struggling, take some advice: 6 things NOT to do before liquidation…
Debt Agreement vs Bankruptcy: What’s best for you?
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…
Considering the benefits of a debt agreement? We take a closer look here.
Considering a debt agreement? Go in with your eyes wide open: find out what the main benefits are but also understand some of the red flags to look out for…
How to Get Out of Bankruptcy Early: Your Options Explained.
Would you like to be able to annul your bankruptcy ahead of time? There are options available for getting out of bankruptcy early. These are your options.
Out of control debts? 5 ways to deal with them right now…
Got rising debts spiralling out of control? Don’t wait until it’s too late. Here are the 5 best ways to help you deal with out of control debts right now…
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