Media Statement May 19th 2022 Update from Jones Partners, the Receivers of Melissa Caddick and Liquidators of Maliver Pty Ltd In accordance with Court Orders Anthony Koletti has now vacated the Dover Heights Property and we have taken possession of […]
By Mark Marlow There is the adage “fail to plan is a plan to fail”. Of course, failure is not inevitable, but more likely invites the question; what am I missing in not having a plan I believe in? A […]
We have had a recent Voluntary Administration success story!! But first, what is a Voluntary Administration? A Voluntary Administration is designed to resolve a Company’s future. An independent Registered Liquidator (the Voluntary Administrator) takes full control of the Company’s affairs […]
Readers might recall my article about the Small Business Restructuring Plan (“SBRP”) posted on our website on 23 February 2021. In that article I emphasised the essential elements required for a successful restructure and how the SBRP might assist Directors […]
On 15th December 2020 Daniel Soire and myself were appointed Provisional Liquidators of Maliver Pty Ltd and Receivers to the property of Melissa Caddick by the Federal Court of Australia pursuant to an application by ASIC. The Caddick case continues to […]
There was a lot of publicity in the media recently that the Federal Government was introducing new insolvency law reforms effective from 1 January 2021. The reforms are designed to assist small business overcome the impact of the COVID-19 pandemic. […]
Readers may be aware that the Federal Government introduced measures which came into effect on 1 January 2021 to provide incorporated businesses (i.e., companies) with further options to deal with their financial position, particularly those that may have been impacted […]
By Bruce Gleeson and Mark Marlow If you are ill or suffering pain, you are likely to go and see your doctor. The illness or pain will either not be too serious, and the doctor will prescribe a remedy, or […]
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 have been appointed could have been avoided if the individual […]
By Daniel Soire 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”) statistics suggest that there are now more […]
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 than market value who when they subsequently become bankrupt think that such transaction may […]
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 bankruptcy. This misguided belief is because in the personal insolvency […]