Regular cashflow projections are important for business.

Regular cash flow projections and comparison to actuals

Estimated reading time: 7 minutes

Cashflow refers to the movement of money into and out of business, and it is one of the essential financial indicators for the business. This is why a proper financial record keeping is so important.

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. 

What business assets are lost in an insolvent liquidation?

What business assets are lost in an insolvent liquidation?

Estimated reading time: 6 minutes

The winding up or liquidation of a company means realising the assets of the business and distributing the proceeds to unsecured creditors. The problem: some portion of the business’ total value is always lost in an insolvent liquidation. Whatever the business valuation prior to a liquidator being appointed, the final value of assets will almost certainly be lower.

If Economic Distress, Liquidate. If Financial Distress, Save through Restructure.

If Economic Distress, Liquidate. If Financial Distress, Save through Restructure.

Estimated reading time: 0 minutes

Businesses can struggle or fail in different ways. Consider an unprofitable transport business that hasn’t been able to put up rates in 20 years due to stiff competition. Or, consider the same type of business, where its unprofitability is caused by the inability to pay debts entered into by prior directors.

Aussie entrepreneur castaway - Cayman Islands

The Australian entrepreneur’s guide to starting a crypto or fintech business in the Cayman Islands

Estimated reading time: 0 minutes

If you serve an international customer market, the question naturally arises; where is the best place to base your crypto or fintech business? Our focus here is on exploring offshore solutions for Australian fintech and crypto startups — looking specifically at the possibility of setting up in the Cayman Islands (Cayman) as a jurisdiction of incorporation.

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…

Can the liquidator ask company directors about their personal assets?? In short, yes.

Liquidator’s examinations – can the liquidator ask company directors about their personal assets?

Estimated reading time: 5 minutes

The winding-up of a company is a daunting experience for a director. They know that their previous actions are under close scrutiny. But does that scrutiny include their personal assets? In short, yes. But liquidators need to tread carefully. In this article, we look into liquidators using the examination power to inquire into a director’s personal assets.

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.