Critical Info

Insolvency Video Library

Building Contractor Advisory Service | Insolvent Trading | ATO Debts | Director Disqualifications | Personal Guarantees | Placing a company into Liquidation | Voluntary Administration | Personal Insolvency | Corporate and Personal Insolvency Terms

Building Contractor Advisory Service

In May 2009, The Minister of Office of Fair Trading; Virginia Judge was very concern about the effects of the global financial crisis.

Insolvent Trading

Insolvent Trading Introduction

What is Insolvent Trading? In short, if you incur debt at a time when you...

ASIC on Insolvent Trading

The ASIC has recently put out practical notes and guidance rules for all directors in relation to Insolvent Trading...

What does an Insolvent Company look like?

So what does an Insolvent company look like? Well, a typical scenario would be that a company has $100,000 of assets...

What actions to take if you suspect Insolvency

Clearly the law requires you to do something as if you do nothing you risk the potential of an Insolvent Trading claim...

The Importance of Keeping Books and Records

Often when times are becoming tough in business, the director of a company will be flat out trying to juggle all aspects of the business just to keep the doors open and in these cases...

How does a Liquidator deal with a case of Insolvent Trading?

Well, on day 1 of the liquidation, a liquidator will send a series...

Insolvent Trading claims and Public Examinations

In a claim for insolvent trading the Liquidator will consider undertaking a Public Examination prior to launching a full scale claim for Insolvent Trading...

ATO Debts

Director Penalty Notices

A Director Penalty Notice may be issued by the Australian Taxation office in respect of unpaid PAYG withholding only — not GST...

Director Penalty Notices - the Trap

In the last episode, I explained the use of Director Penalty Notices however there is a trick that I believe you must know about...

Phoenix Transactions and Tax Office - Phoenix Bonds

On 1 July 2010, understanding that certain industries...

Tax Debt Introduction

OK. So you have got a tax debt. What you need to know here is that the Australian Taxation Office can...

Director Disqualifications

Director Banning Orders

Many people call me and express their very real concern about liquidating a company because they believe that if they liquidate one company...

Phoenix Transactions

Phoenix transactions are highly illegal and the Australian Securities and Investments commission and all liquidators are very concerned about...

Personal Guarantees

As you know, if a company cannot pay its debts it is not the immediate personal problem of the director...

Placing a company into Liquidation

Firstly, ASIC is able to place a company into liquidation but the 2 most usual circumstances are...

Voluntary Administration

Often times you will find a company\'s director acknowledges there is a financial crisis looming but still he believes...

Personal Insolvency

About Bankruptcy

Now this might sounds strange but I believe that bankruptcy is terrific — but only in the right set of circumstances...

Debt Agreement & Personal Insolvency Agreements

In this episode I am going to briefly explain to you the concept of a debt agreement and a Personal Insolvency Agreement...

Corporate and Personal Insolvency Terms

The first thing I would like to do it to straighten up some terms commonly used in Insolvency...

Answers + Solutions - FREE - 24/7 - The Insolvency Experts

1300 767 525 or contact us online now

Like us?
Call us for free advice 1300 767 525
Contact Us