by Chad | May 12, 2016 | Accounting, liquidation |
It isn’t always easy being a Liquidator. One of the duties we perform as Liquidators it to identify whether any creditors have been given ‘preferential treatment’ where they’ve received payments when other creditors haven’t been paid. (Here’s what to do if your client...
by Chad | Apr 24, 2015 | Accounting, Bankruptcy, Expert Article, Newsletter, Video |
The Australian Taxation Office (ATO) holds a special suite of powers beyond the usual debt recovery strategies that sets them apart from traditional creditors. And in recent years those powers have been expanded. These days, if your company has debts such as Pay as...
by Mitch | Mar 30, 2015 | Accounting, Bankruptcy, Business Budgeting, liquidation, Newsletter, Recovery |
In the past we’ve talked about winding up the affairs of insolvent companies. But sometimes the directors of a solvent company may decide to wrap up their company because: It’s no longer operating and the directors/members have no further use for it The ongoing...
by Chad | Feb 23, 2015 | Accounting, Bankruptcy, Cashflow, liquidation, Recovery |
We often get calls from accountants asking what books and records they need to hand over to a Liquidator or bankruptcy Trustee. Unfortunately, accountants don’t have the same right to claim privilege to documents or information as solicitors. Once an Insolvency...
by Chad | Jan 30, 2015 | Accounting, Bankruptcy, Expert Article, liquidation |
A question we often get from people is, “How does insolvency affect my credit rating?” But to answer that, we first need to talk about something else: a credit file. A credit file is a database of information about a person’s credit history. If you’ve ever...
by Mitch | Dec 15, 2014 | Accounting, Asset Management, Bankruptcy, Blog, Expert Article, Newsletter |
Would you let a surgeon operate on you without knowing they had a medical degree? Would you let a builder construct your house without knowing they had a builders licence? We’re guessing your answer is “No”. It might work out fine, but why take the risk when you can...
