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 assist small business overcome the impact of the COVID-19 pandemic. These reforms…
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 their financial position, particularly those that may have been…
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 too serious, and the doctor will prescribe a remedy, or it may be more serious but because you went to see…
What Business Owners Should Be Focused On Leading Into Christmas
It is that time of year again, Christmas is fast approaching. It is a happy time of year for most, however current issues aside (especially considering the impact on your Business this year of COVID-19) December and January can be very disruptive months.…
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 pandemic. The reforms have been designed to reduce the complexity…
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 have been appointed could have been avoided if the individual had talked about…
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”) statistics suggest that there are…
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 than market value who when they subsequently become bankrupt…
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SYDNEY NSW 2000
P: 61 2 9251 5222
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BAULKHAM HILLS NSW 2153
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38 Exchange Parade
NARELLAN NSW 2567
P: 61 2 4647 7468
