Presented by Jones Partners (Statistics obtained by ASIC website) © Australian Securities & Investments Commission Corporate Insolvency Trends The above statistics show a comparison in 2022, 2023 and base line (2017, 2018, 2019) highlighting the total numbers of administrations and […]
Presented by Jones Partners The Matter – Construction Industry Incorporated in May 2006, the company provided polished concrete architecture for kitchens, bars, barbeques, stair treads and street and furniture monuments. The company encountered financial difficulty, with accrued statutory debt of […]
Presented by Jones Partners It is widely known that the Sydney rental market is currently under significant pressure. Excessive demand, low vacancy, increased immigration, high cost of living and a growing population are all contributing to a tense climate. However, […]
Presented by Jones Partners Inflation: 7.0 per cent After a series of aggressive cash rate hikes implemented by the RBA, inflation has most likely peaked, and is now slowly beginning to fall. However, the most recent, surprise hike at the […]
By Natasha Hayne The term zombie company is a term used to describe a distressed company. These companies usually have extensive debt, with revenue that just enables them to just meet those fundamental running and fixed costs (rent, wages, interest […]
Presented by Jones Partners (Statistics obtained from AFSA website) Personal Insolvency Trends Insights from AFSA indicate the past few years recorded a sharp decline in cases of personal insolvency. AFSA have also projected that cases would begin to climb into […]
Presented by Jones Partners (Statistics obtained from ASIC website) © Australian Securities & Investments Commission Corporate Insolvency Trends The above statistics show a comparison in 2022, 2023 and base line (2017, 2018, 2019) highlighting the total numbers of administrations and […]
Presented by Jones Partners Re Intellicomms Pty Ltd (in liq) [2022] VSC 228. FACTS This case concerned the sale of assets belonging to Intellicomms Pty Ltd (facilitated by sole director Ms Haynes) to Technologie Fluenti Pty Ltd (“TF”), a company created […]
Presented by Jones Partners Kite (Trustee), in the matter of Murray (a Bankrupt) v Murray [2023] FCA 198. Kite v Murray is another contentious example of the murky, mingled waters of bankruptcy law, trust law, and legal presumptions. This case concerned […]
Presented by Jones Partners Scott’s Refrigerated Logistics Before entering liquidation in March of 2023, Scott’s Logistics was the largest frozen food distributor in Australia. In tandem with the usual high inflation, increased cost and labour shortages, Scott’s Logistics encountered a […]
Presented by Jones Partners For as long as we can remember, bankruptcy has been a topic of taboo. Until the mid-19th Century, those unable to pay their debts were thrown into debtors’ prison, where they remained until the debts were […]
Presented by Jones Partners Cryptocurrency remains one of the most revolutionary, volatile, elusive, and misunderstood markets in the modern world. For those unfamiliar, cryptocurrency is a form of digital currency. Trading platforms allow for digital currency to be exchanged for […]