Marek Dziok

What Are the Best Parts of the Australian Voluntary Administration Process?

What Are the Best Parts of the Australian Voluntary Administration Process?

Estimated reading time: 5 minutes

While Voluntary Administration is not the best option for all struggling businesses in Australia, it does have some key benefits compared to other insolvency options. In this piece, we look at the best parts of Voluntary Administration and some of the benefits of this mechanism compared to alternative responses to company distress. 

How are pre-insolvency advisers regulated in Australia?

How are pre-insolvency advisers regulated in Australia?

Estimated reading time: 8 minutes

While insolvency in Australia is a heavily regulated industry, historically, there is one segment of the industry that has had little oversight: pre-insolvency advisers. Arguably, this has been a detriment to the broader industry as the highly trained professionals in…

What are the duties of insolvency practitioners in Australia?

What are the duties of insolvency practitioners in Australia?

Estimated reading time: 8 minutes

Corporate insolvency practitioners are important gatekeepers in the economy. In Australia, there is a paradox that the system is designed to try to stop the insolvency practitioner from giving meaningful pre-insolvency advice to insolvent businesses. This is a pity because insolvency practitioners are well-placed to give pre-insolvency advice. 

Who should be the architect of a turnaround?

Who should be the architect of a turnaround?

Estimated reading time: 7 minutes

Small-to-medium sized business owners can’t effectively outsource the responsibility for driving a turnaround process when their business is in financial trouble. They can hire sensible staff and competent professional advisors but they are the only people with the incentive (skin in the game) and experience (because they started the business) to drive forward a turnaround process.