Insolvency processes and debt restructuring are plagued by misconceptions. An insolvency practitioner does not restructure entire business operations. They do not provide a magical solution that can transform an unprofitable business into a roaring success. The role of an insolvency […]
When a company is wound up, a liquidator is responsible for evaluating the competing claims of creditors in accordance with the priority regime. Claims in relation to secured property are often highly complex. There are usually numerous, competing claims. Often, […]
Our newsletters are designed to inform our clients and contacts about the latest issues and updates regarding insolvency, bankruptcy, and business management. Our April newsletter incorporates the following articles: Read the full Newsletter: April 2024 Newsletter Don’t wait until it’s […]
Our newsletters are designed to inform our clients and contacts about the latest issues and updates regarding insolvency, bankruptcy, and business management. Our December newsletter incorporates the following articles: Read the full Newsletter: December 2023 Newsletter Don’t wait until it’s […]
You and your partner purchased a residential property together. At the time, it made great financial sense. However, your relationship has since broken down. You have vacated the premises and have filed for separation. Your partner remains in the property, […]
‘Recession’ is a term being bandied around by economists. Views vary, with some expressing optimism and others scepticism regarding the future of some of the world’s largest economies. So, what predictions can be made about these nations’ destinies? What is a […]
What is a winding up order? A winding up order is a directive issued by a court formally placing a company into liquidation. Creditors will usually obtain a judgment before issuing a Creditor’s Statutory Demand, a formal request for repayment […]
February 2024 Totals 664 bankruptcies 308 debt agreement 8 personal insolvency agreement 2 deceased estate Personal insolvency trends Personal insolvency statistics continue to fall well behind the projections and timeline suggested by AFSA. The most common industry for affected individuals […]
Change to economic snapshots The Board at the Reserve Bank will only meet 8 times this year instead of 11. More time is needed to assess the economy’s response to cash rate changes. The next meeting will be held on […]
Our newsletters are designed to inform our clients and contacts about the latest issues and updates regarding insolvency, bankruptcy, and business management. Our February newsletter incorporates the following articles: Read the full Newsletter: February 2024 Newsletter Don’t wait until it’s too […]
A few weeks ago, Chinese construction company Evergrande was ordered to liquidate after failing to convince a Hong Kong court it had a viable turnaround plan. The company had long been struggling to meet its interest repayments and has amassed […]
Bankruptcy is not only a financial crisis, but also a personal one. It can strain the bonds of marriage, often leading to divorce and separation. When children are involved, conflict over child support will frequently arise, as parents struggle to […]