Directors Vulnerable to Untrustworthy Advisors

As both a Registered Liquidator and Registered Bankruptcy Trustee, I quite often hear about the plight of a family company director or individual who is in financial difficulty being seduced … Read More

Turning ideas of insolvency around

 CA Magazine – Aaron Watson

 

It’s time people understood the value insolvency professionals add to the economy, say industry representatives.

“You

Read More

Is a Bankrupt’s money his/her own?

is-a-bankrupt-s-money-his-her-own
A question that is frequently asked by an individual that may be contemplating bankruptcy is what happens to the income they earn during bankruptcy. In short, the Bankruptcy Act 1966 Read More

Low interest rates & mortgage stress – cycles are cycles

low-interest-rates-and-mortgage-stress-cycles-are-cycles
In August 2016, the Reserve Bank of Australia (“RBA”) cut the cash rate by a quarter of a percent to 1.5%. Last year also saw dramatic growth in median real Read More

Trading Places – Does It Really Work When a Company is Insolvent?

trading-places–does-it-really-work-when-a-company-is-insolvent

A talking point that I find is often raised by a director when their company is in financial difficulty and liquidation may be imminent is whether they should change directors. … Read More

Happy 50th Birthday – Bankruptcy Act

happy-50th-birthday–bankruptcy-actThe month of July 2016 marks the 50th birthday since the Bankruptcy Act 1966 commenced. Much has happened over that period in terms of changes to Australia’s bankruptcy laws … Read More

Drive Thru Bankruptcies – Coming Soon to Australia

I hope this headline has got your interest! Yes Drive Thru Bankruptcies or more correctly put 1 year bankruptcy terms were announced as part of the (1) Productivity Commission’s Report … Read More

RBA – Move interest rates down 0.25% to 1.75%

On the back of low inflation data the RBA has moved interest rates down another 0.25% to an official cash rate of 1.75%.

Read the official press release I can … Read More

To Credit Repair or Not? Time for Regulation!

A Report commissioned and released by ASIC’s Consumer Advisory Panel (“CAP”) in January 2016 titled “Paying to get out of debt or clear your record: the promise of debt management … Read More