It can be difficult running a business as a sole trader. You need to be generating fairly significant revenue in order to generate a profit after your expenses have been paid. Given that you do not have the protection a company affords you it can be catastrophic for you personally if the business starts making… Read more »
Do you want out? If you’re considering how to exit a business, make sure you’re across all the options. Miss something important & it might end up costing you…
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 »
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.
Directors facing insolvency often make rash decisions & create further problems. If you’re struggling, take some advice: 6 things NOT to do before liquidation…
A reviewing liquidator’s role is to review whether the fees and expenses being claimed by a liquidator on a liquidation are reasonable.
Often when someone is facing financial distress we focus on the financial benefits that bankruptcy brings, however there are many non-financial benefits as well.
Can’t pay your debts or facing bankruptcy? Don’t panic – avoid making these 6 big mistakes that can make debt stress worse for you and your business…
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 »
