Media - Jones Partners

How to Navigate Personal Insolvency and Bankruptcy Through Part X

The Personal Insolvency Strategy Your Clients Need to Know When individuals are facing increased financial distress, received a bankruptcy notice or struggling with debt management, bankruptcy is often seen as the default solution. However, in many cases, utilising Part X of the Bankruptcy Act to produce a Personal Insolvency Agreement (PIA) can deliver a more commercially effective outcome. For accountants and lawyers supporting clients […]

The Spider Web Moment: When One Financial Issue Reveals Ten More

What Accountants Should Do When a Client’s Debt Management Problems Suddenly Multiply Every accountant recognises that moment. A client calls in distress, often after a Director Penalty Notice (DPN) arrives or creditors begin formal demands of debt payment. What first appears to be a single debt or business management issue can quickly reveal […]

Part X: The Most Misunderstood Tool in the Bankruptcy Act and Why Accountants Should Care.

Part X: The Most Misunderstood Tool in the Bankruptcy Act and What Accountants Should Know. What is Part X?Understanding the structured alternative to bankruptcy that can protect clients and preserve commercial outcomes. Many individuals only seek insolvency advice once financial […]

ATO Debt and Business Insolvency: What Accountants and Lawyers

Did you know when it comes to insolvency, few creditors are more prolific than the ATO. When it comes to business insolvency, few creditors have a greater impact than the ATO. ATO debt is one of the most common triggers […]

Insolvency Support : The Broader Role of Insolvency Practitioners

Let’s help businesses navigate financial distress, restructure debt, and avoid unnecessary liquidation. Many business owners associate insolvency with liquidation, closure, and failure. As a result, they often delay seeking advice until creditor pressure, cash flow problems, or ATO debt have […]

Voluntary Administration: Breathing Room in Times of Financial Distress

Insolvency is not necessarily the end of the road, check out this case study. When a company experiences financial distress – whether from creditor pressure, poor cash flow, or internal disputes – directors often fear that insolvency is the end […]

A Smarter Path Than Bankruptcy: Personal Insolvency Agreements Explained

Tailored arrangements that can relieve financial distress – even when the ATO is the major creditor A more flexible alternative to bankruptcy Personal Insolvency Agreements (PIAs) can provide genuine debtors with a flexible pathway to regain control of spiraling debt. […]

Resolving Partnership Disputes: The Benefits of Section 66G Appointments

A practical mechanism to break deadlocks and achieve fair outcomes in co-owned property disputes. When co-owners of property fall into dispute, conversations can drag on, emotions flare, and progress grinds to a halt. Section 66G of the Conveyancing Act 1919 […]

Newsletter May 2025

Our newsletters are designed to inform our clients and contacts about the latest issues and updates regarding insolvency, bankruptcy, and business management. Our May Newsletter incorporates the following articles: Read the full newsletter below: Newsletter May 2025

Reducing Director Penalty Notice Risks: Essential Strategies for Directors

Remain Proactive in the Face of Personal Liability What is a Director Penalty Notice? Under the Taxation Administration Act 1953 (Cth), directors can be held personally liable for unpaid company tax debts. This liability is known as a Director’s Penalty, […]

The Biggest Causes of Insolvency in Australia

Insolvencies in Australia are on the Rise Current Insolvency Trends in Australia Recent data from the Australian Securities & Investments Commission (ASIC) shows a marked increase in companies entering external administration during the 2025 financial year compared to previous years. […]

Can You Protect the Family Home from Bankruptcy?

A Common Occurrence in the Face of Financial Distress Bankruptcy trustees frequently encounter cases where individuals experiencing financial difficulty transfer assets—particularly the family home—to a spouse or other family member for little or no consideration (payment). This is especially common […]