In Search of Melissa Caddick and the Missing Money
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 … Read More
Small Business Restructuring Plan
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 … Read More
Proposal to Reduce the Bankruptcy Period to 1 year
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 … Read More
To Plan or Not to Plan – How Much Are You Prepared to Risk?
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 … Read More
Insolvency Reforms to Support Small Business – Will You Be Eligible?
The Federal Government announced reforms in October 2020 aimed at assisting small business to restructure when they are in financial distress, which has been particularly evident during the Covid 19 … Read More
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
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
