In Search of Melissa Caddick and the Missing Money
by Bruce Gleeson 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 Australia pursuant to an application by ASIC. The Caddick […]
Small Business Restructuring Plan
by Mark Marlow 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 […]
Proposal to Reduce the Bankruptcy Period to 1 year
by Bruce Gleeson 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 […]
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 […]
December 2020 Newsletter
Summer brings great weather, longer days, Christmas, and the end of 2020. This has been a challenging year for everyone but hopefully 2021 will be more stable and more positive. We look forward to the year ahead. There are a lot […]
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 […]
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 […]
Update on New Insolvency Reforms
Recently the Federal Government announced a review of the Insolvency Legislation. On 24th September 2020, the Government announced proposed changes to Australia’s insolvency framework designed to introduce new processes for small businesses, to reduce complexity and streamline the time and costs involved. […]
Bruce Gleeson Podcast: Signs You Need to Monitor to Avoid Financial Distress
There are some very common tell-tale signs of when a business is under financial distress and heading for trouble. As a business owner there are some key aspects to running your business that you must proactively manage. Bruce Gleeson from […]
It doesn’t need to always end in bankruptcy?
by Bruce Gleeson 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 […]