Overview of Corporate Insolvency and Personal Bankruptcy in Australia
Understand corporate insolvency and personal bankruptcy in Australia. Covers liquidation, voluntary administration, restructuring, and director duties.
ASIC v Bekier: red flags, risk and directors’ duties
Ben Sewell has recently published an article in the Law Society Journal on ASIC v Bekier, one of the most important directors’ duties decisions in recent years. The case concerns Star Entertainment Group and the way senior management and the board responded to…
Preventing Voluntary Administration: Essential Steps for Company Directors of SMEs
Voluntary administration is not always the best option for small-to-medium sized enterprises in Australia. While it is sometimes successful for larger businesses, often other turnaround and restructuring options are more suitable for SMEs. Here we look at some of the…
From Appointment to Deed: A Step-by-Step Voluntary Administration Handbook
Navigate voluntary administration as a creditor. Understand your rights, deeds, and the restructure process. Learn how voluntary administration in australia gives breathing space to companies.
Insolvent Trading: A Practical Guide for SME Directors
Understand insolvent trading & its impact on SMEs. Protect yourself as a director or creditor facing insolvency. Learn to trade while insolvent lawfully.
Ultimate Guide to Liquidation
Part 1: What is Liquidation? 1. Introduction The liquidation or winding up of a company is the final step in ‘ending’ the life of a company. It refers to the final stage of realising a company’s remaining assets and distribution…
No One Expects the Liquidator’s Inquisition: A Director’s Guide to Public Examination
Public Examination is a formal Court-supervised process where Liquidators question Directors on the matters leading to insolvency and any potential misconduct. Here we offer a complete guide on the Examination process in Australia.
DOCA vs Small Business Restructuring Plan
DOCA vs Small Business Restructuring Plan (SBRP): Understand the differences between a DOCA and small business restructure (SBR). Choose the right path for your company facing insolvency.
Safe harbour guide for SMEs: how to navigate compliance, protection and practical steps
Navigate safe harbour provisions with our director’s safe harbour guide. Understand your duties and find safe harbour advisory information now.
Client Journey: When Tax Debt Accrues
As the largest creditor for most small businesses in Australia, ballooning tax debt poses a real risk of corporate insolvency or bankruptcy.
Client Journey: Talk to High-Price Financiers
Rescue financing could be of significant help to financially distressed Australian businesses. Here, we explain why it is nevertheless difficult to get and suggest how things should change.
Client Journey: Dealing with Employee Fraud and Theft
Employee theft is a major cost and risk for small businesses in Australia. Here we discuss why it occurs and what you can do to stop it.