What is Bankruptcy Annulment? If you have declared bankruptcy and you want to get out of bankruptcy earlier than the usual period of 3 years, you have 2 options. An annulment can be achieved in several ways: You pay out…

What are the different types of company liquidations? Liquidation of assets is an inevitable part of closing a business’ doors. If you have to liquidate your company, there are important details and steps you need to know to simplify the…

How to Dissolve a Business Partnership? (2022 update) A “dissolution” is the termination of a partnership. There are many reasons a business partnership might end, but it’s crucial to know what to do next to fulfil your financial and legal…

When companies are facing financial distress or solvency problems there are three main options available – voluntary administration, receivership, and liquidation. It is important to choose the remedy most suited to your desired outcome.   Voluntary administration is the most…

Understanding the early warning signs of insolvency With the world in financial trouble and the economy suffering, as a result, the Australian government has always been helpful over the years in providing support to individuals and business owners. Despite this…