Crowd Source Funding for Retail Investors. Good idea or the potential for them to be the new Ponzi scheme?

The Corporations Amendment (Crowd Source Funding) Bill 2016 is due to come into operation on 29 September 2017. Crowd Source Funding (“CSF”) continues to be a popular way that allows … Read More

Phoenix Activity – Exposing Fraudulent Directors

Whilst it is difficult to accurately determine the true cost of “phoenix activity” primarily due to a lack of relevant data, it has been estimated to cost the Australian economy … Read More

Bankruptcy and Family Trusts – Are They Still Effective?

Family Trusts have and will continue to be used into the future for a variety of purposes, in particular asset protection. Most Family Trusts notably have a Corporate Trustee. As … Read More

Attitude & Corporate Insolvency Profiles 2016

One of my favourite Winston Churchill’s quotes is so relevant to directors and owners in Micro, Small and Medium Enterprises (“MSME”). That is: “attitude is a little thing that makes … Read More

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

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