It doesn’t need to always end in bankruptcy?
Over the twenty-five (25) years that I have been advising individuals who have been in some form of financial difficulty, I believe between 15-20% of those bankruptcies to which I … Read More
Archive for month: October, 2020
Bankruptcy & Self Managed Superannuation Funds – will you be able to continue to manage it?
Many individuals, in particular business owners, are now choosing to control the destiny of their superannuation through the use a Self Managed Superannuation Fund (“SMSF”). The Australian Taxation Office (“ATO”) … Read More
Should I transfer the family home – Beware!!
We are continually surprised by individuals who transfer ownership of their property (usually the family home) to a co-owner or family member for no consideration or for consideration of less
Bankruptcy & Superannuation: Look Before You Leap
Individuals facing financial difficulties may think that making lump sum payments into their superannuation fund means that those funds will be “protected”’ in the event of the individual subsequently declaring … Read More
Temporary Relief for Directors Personal Liability for Trading Whilst Insolvent
Readers may possibly recall that the Federal Government announced a raft of temporary relief measures in late March 2020, some of which were aimed at giving directors of companies’ confidence … Read More
COVID-19 – TEMPORARY RELIEF MEASURES
On 22 March 2020 the Government announced temporary relief for financially distressed companies, to help businesses get to the other side of the Coronavirus crisis. These provided a regulatory shield … Read More
Temporary Relief for Directors Personal Liability for Trading Whilst Insolvent
Readers may possibly recall that the Federal Government announced a raft of temporary relief measures in late March 2020, some of which were aimed at giving directors of companies’ confidence … Read More
