Avoiding Phoenix Activity
With the increase in fraudulent phoenix activity being detected in Australia, where companies are deliberately placing their companies into liquidation in order to avoid paying their creditors, taxes and employees’ entitlements, the Australia Tax Office (ATO) is working closely with…
Read moreIan Thorpe’s Fountain for Youth Charity goes into Liquidation
Ian Thorpe’s children’s charity, Fountain for Youth, recently collapsed into liquidation. The Australian Securities Investment Commission reported earlier this month that a total of 1,139 companies and organisations faced external administration in January and February of this year. With numbers…
Read moreRising Employment May Pose Threat to Business Solvency
The rising employment rate in Australia is not good news for everyone, according to prominent bankruptcy attorney Victor Sahn. Mr Sahn has proposed that the falling national unemployment rate could have a devastating impact for companies wavering on the edge…
Read morePersonal Insolvency Up in March
Insolvency figures released by the Australian Financial Security Authority (AFSA) for the March quarter of 2015 reveal an increase in personal insolvency across Australia. Compared to the previous quarter, total personal insolvency activity has increased by 1.5% to reach 6,989…
Read moreLooking to File for Bankruptcy?
If you are looking to file for bankruptcy or are considering your options to deal with unmanageable debt, Australian Insolvency Services (AIS) can help. AIS is an insolvency firm that specialises in handling personal debt cases. We are fully licensed…
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