Bring on 2015! But 2014 insolvency and bankruptcy statistics in context.

In the typical busy lead up to Christmas, it can be tricky to find enough time to reflect on the year. However, from an economic/insolvency perspective, a couple of key … Read More

Why is risk-taking and entrepreneurship important to the Australian economy?

Risk is essential to the business environment. Entrepreneurship relies on creativity and imagination but with every new endeavour comes risk. The usual paradigm is that there is a direct relationship … Read More

The effect of the environmental movement on Insolvencies in Australia

There are three major contributors to Australian insolvency statistics

Obviously the overall health of the Australian Economy is important and this was clearly demonstrated in the Jones Partners Report on … Read More

Is Small Medium Enterprises — the heartland of the Australian economy?

It is clear that SMEs are the back bone of the Australian economy and at a recent function launching the Jones Partners Report into insolvency administrations in Australia Craig James, … Read More

What is Property of my Estate? Beware of after-acquired assets

One of our bankrupts recently in an attempt to justify a higher level of deposits to their bank account advised that a significant amount of the banking’s to the account … Read More

Should The Bankrupt Pay

In the past and certainly nowadays there is a general view in the community that bankruptcy is a form of punishment. Is this the case? This article discusses the perception … Read More

Personal Insolvency, Bankruptcy and Debt Agreements – Are You Getting the Right Advice? The Statistics.

As a Registered Trustee in Bankruptcy, I am always intrigued by debtors (or individuals in financial difficulty) who enter into a Debt Agreement under Part IX of the Bankruptcy Act … Read More

SME insolvencies continue to dominate corporate liquidation statistics

A report released by ASIC in September 2014 [Report 412 – Insolvency Statistics: July 2013 to June 2014] further reinforces the research and commentary provided in the recent Jones Partners … Read More

Professional Scepticism and Insolvency? More is needed for better outcomes for creditors.

Professional scepticism is typically raised by ASIC and bodies in the context of auditors. In short, it is used in the context that auditors should “challenge” key assumptions or seek … Read More

Are You Money Smart?

Understanding money and finances in order to make informed and effective financial decisions is an essential skill in today’s world. I regularly see in the field of insolvency and business … Read More