Australia’s challenging business conditions combined with our love affair with credit sees thousands of hard working Aussies declaring bankruptcy each year. Similarly, thousands of Australian companies facing financial problems enter liquidation. So what is the difference between bankruptcy, insolvency and liquidation?…
After years of working to build your business from the ground up, the thought of losing it all because your personal finances are dire is a nightmare. It is still possible to keep trading as a sole trader if you…
When cashflow is tight in your business it will often need fast funding to survive. One quick and seemingly easy option may be to use personal wealth to loan the business money. Avoiding bank rejections, mountains of paperwork and high interest loans…
When your business runs into financial trouble, it is important to seek insolvency advice and support as soon as possible. There are a number of business insolvency options to consider. Finding the right option for your business will depend on…
Previously there have only really been two legal options for directors to prevent business failure – administration or liquidation. As a result, there has been a rise in phoenix activity as the only realistic option for a business to continue.…
Our recent café client was having a tough time before Christmas. They’d been trading for five years, were propping up cashflow with personal cash and credit cards, and had planned to close. The worst part of their ordeal was paying…
