Article discusses what happens if there is a tax refund owing to the debtor in bankruptcy.

The voluntary administrators were surprised by water and flood damage and substandard repair works to the building.

The sooner advice is sought from an insolvency expert, the better—particularly if the goal is to find a way through the issues.

A company's consistent compliance history could play a major role in their ability to restructure if necessary.

Article discusses why owners should treat themselves as creditors of their own business.

A solvent liquidation could result in a better tax outcome for shareholders, depending on their personal circumstances.

Article explains how fines received by the company eg. speeding fines are not recoverable in a liquidation.

A Debt Agreement is an alternative to bankruptcy, offering individuals with lower levels of debt, income, and assets a structured compromise with creditors.

Where the estate is insolvent, appoint a bankruptcy trustee and a liquidator to address the financial problems respectively.

This article discusses some of the issues, planning opportunities and potential traps that arise from the PPS Act.

Risks of offering credit & several strategies you can employ to mitigate those risks.

The Bankruptcy Act 1966 provisions allow and encourage a person to continue earning an income throughout the bankruptcy.

Regarding corporate insolvency appointments, the economic impact of COVID-19 played out very differently to the GFC.

Receiving "credit" from the ATO may seem easy, but potential issues could produce a difficult result in the long term.

Advisors should consider how to assist, supervise, and support clients to achieve restructure, innovation and growth.

The bankruptcy of a deceased estate can provide relief for family members, so they don't have to deal with the creditors.

With the ATO aggressively pursuing a record $46 billion in collectable debt, the employment of collection tools such as DPNs is increasing exponentially.

Directors understanding the risk of asset exposure should form an integral part of their planning.

The small business restructuring (SBR) process allows a company to compromise its debts through a restructuring plan.

This case dealt with the issue of where a bankrupt had not filed an SOA, but funds were available to be distributed.