SMEs – Are You Aiming to Thrive or Aiming to Survive! Key Challenges

As we approach the end of 2015 and SME owners hopefully take some time away from the day to day grind (yes please), attached below is an article that I … Read More

RBA announce Interest Rates are on hold – A Bankruptcy View

The RBA announced earlier today that they are going to keep interest rates steady at 2% noting the weakening Asian market, strengthening US market and strong Sydney housing market as … Read More

Section 66G of the Conveyancing Act in action.

Trying to negotiate the sale of a home that two people had once planned their future together in can be trying at the best of times. It becomes even more … Read More

What impact does personal bankruptcy or other Insolvency proceedings have on individual’s credit rating?

good-credit

As a bankruptcy trustee I am often asked by individuals facing personal financial hardship what will happen to my credit rating if I formally declare myself bankrupt More importantly individuals

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Bankruptcy and the Family Home Part 2 – The Doctrine of Exoneration

In the February 2015 newsletter I wrote about bankruptcy and the family home and typically what happens when an individual enters into bankruptcy and has an ownership interest in the … Read More

BEWARE: ATO flags tougher stance on small business tax debt

Recent media coverage about the ATO tougher stance on small business tax debt [Daniel Meers from Herald-Sun on 21 May 2015] should serve as a timely reminder to company directors … Read More

Repeal of the Loss-Carry Back Tax Offset: Why companies may now be liable? Can the Liquidation regime be utilised?

The Minerals Resource Rent Tax Repeal and other Measures Bill 2014 (“the Bill”) received Royal Assent on 5 September 2014 and became law. IMPORTANTLY, the Bill included the repeal … Read More

Bankruptcy – gambling, excessive use of credit cards and blowing proceeds from sale of property – a dangerous cocktail!!

A recent Media Release by AFSA see link https://www.afsa.gov.au/resources/media-kit/media-archive/media-release-nsw-mcelwaine-nine-month-bond-for-offence-against-the-bankruptcy-act highlights the addiction of gambling and additionally that if forced into bankruptcy as a result of such gambling, then, in certain … Read More

Outcomes in insolvency – what should I expect?

Quite obviously many people that we deal with are in a position that can be very stressful as they are unsure of their future due to either personal or business … Read More

66G Application – The magic bullet for property sale disputes between co-owners.

66G Application – The magic bullet for property sale disputes between co-owners.
In the current booming real estate market more and more people are purchasing property with co –owners in … Read More