Have you got a personal tax debt you are struggling to pay? This might include a debt for income tax or a debt under a Director Penalty Notice.
If you do, you need to be aware that the ATO can issue a Garnishee Notice to your employer to recover the debt.
Director Penalty Notices (DPNs) are just one of the broad range of powers available to the Australian Taxation Office to pursue delinquent debtors.
Administration, receivership, debt agreements, personal insolvency agreements – what does it all mean?
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..
Liquidation is a serious process for any involved party. Unfortunately, in some cases it is unavoidable. So it’s worth knowing: what does a liquidator specifically do?
When your company goes under in a particular way, your personal assets can be taken from you. But what in particular might you end up losing?
When restructuring a company facing insolvency, the sale of its business is one option to consider. But how exactly does the process work?
Where do you start with understanding corporate insolvency? We have put together a brief summary of some of the most important terms to know.
