Your first business isn’t always the one to succeed. Often, successful entrepreneurs fail at multiple businesses. While these businesses are failures, they’re also lessons. Every mistake that is made is a mistake an entrepreneur won’t make in their next business…
The Australian Financial Security Authority has recently released the insolvency activity for the 2015-16 financial year. It has produced some surprising results when compared to the 2014-15 financial year, especially in the June quarter where insolvencies rose 13.7%. The Highest…
The Australian Financial Security Authority recently released the personal insolvency performance for the past 12 months. The activity statistics over 2015-16 provide the opportunity to identify recent changes in the market - such as personal insolvencies rising for the first…
Recapitalisation involves a change to the company’s capital structure and it may involve the exchange of shares for bonds or vice versa. Recapitalisation is often done by companies who are in the midst of bankruptcy proceedings. Since the procedure has…
A personal loan gives you the opportunity to access money and use it for whatever reason you choose. Since they are multi-purpose loans, they can be used for the payment of vacations, medical bills, car purchases and more. It’s not…
The yearly cost of student (HECS) loans is likely to reach a figure of $11.1 billion by the year 2025. The number of new loan applications is rising and, according to a report published by the Parliamentary Budget Office, the…
Australia’s debt to GDP ratio is expected to rise beyond 50 percent with the next two decades. We’re looking at a government debt of $397 billion and this figure is only rising by a little over 100 million a day.…
A Director Penalty Notice (“DPN”) is a Notice that the Australian Tax Office (“ATO“) can send a director that can make that director personally liable for two types of tax debts of a company – Pay As You Go (“PAYG“)…
Financial institutions are more than eager to offer you numerous credit facilities in the form of loans and credit cards in their race to be ahead of their competitors in the credit market. If you’re not aware of your credit…
For all company’s operating in our unstable modern economic landscape, it is vital to understand the differences between liquidation, administration and bankruptcy. We’ve created this article to help guide you through each of these commonly misunderstood concepts so you can…
