There are various issues which directors should be aware of when considering the new Small Business Restructure scheme as an option to solve a company’s debt problems.
Due to the Covid-19 pandemic, a large number of people have debts they cannot pay. So, what are your options to solve your personal debt problems?
Numerous businesses have unmanageable debt and will have to make difficult decisions.
We at Cactus Consulting can advise you on the available options if your business is in financial difficulty and is finding it hard to keep up with costs and expenses.
We were referred a client to help him settle a guarantee debt owed to a financier, which totalled just over $30,000. The guarantee our client had signed with the financier contained a charging clause and the financier had used this provision to lodge a caveat over our client’s property.
We recently helped a family settle their mortgage shortfall debt with the mortgage insurer. This article explains how we did it.
The Federal Government has warned the public of potential dodgy insolvency advisers. These unregistered and unregulated advisers target vulnerable people who are in financial distress.
You can recover a debt (over $2000) owed to you by issuing the company with a statutory demand.
In this article we look at the options that are available to your company if it is unable to pay its debts at the end of the JobKeeper scheme.