The Australian Securities and Investment Commission (ASIC) exerted their power to force 32 Australian companies into liquidation in 2014. This was in order to help 99 of their employees recover more than $1.4 million in entitlements. While many company liquidations…

A Debt Agreement is a legal alternative to bankruptcy, and involves an arrangement between a debtor and their creditors which allows them to pay back an agreed amount of their outstanding debts over a period of time. After a Debt…

The number of debtors across the nation is on the rise, echoing the increase in the number of SME wind-ups in recent months as reported by the Australian Securities and Investments Commission (ASIC).   An increase in the number of…

Bankruptcy is a potential debt solution for individuals struggling with their finances and looking for financial relief. However, Australian Insolvency Services recommends that bankruptcy should always be seen as the last resort, as it has serious long-term financial and personal…

The specialists at Australian Insolvency Services pride themselves on being experts in personal debt and corporate insolvency solutions, including voluntary administration, liquidation and receivership. Voluntary administration is an option for businesses that are insolvent, or likely to become insolvent, and…