Nowadays as many businesses find themselves in financial turmoil, they seek professional assistance.Many businesses are seeking professional assistance nowadays as they find themselves in financial turmoil. Several wordsFigures and industry jargon are thrown at them as they are told their…

Have you received a bankruptcy notice from the Australian Financial Security Authority (AFSA)? If you have you need to take immediate action otherwise you may become bankrupt. Before the Official Receiver at AFSA will issue a bankruptcy notice the creditor…

When a company is placed into liquidation, the liquidator has the task of realising the company’s assets and using those funds to pay out the costs of winding up the company. There is an order in which the funds are…

If you are wondering if you should place your company into liquidation, your first step is to determine whether or not the company is insolvent. To be insolvent is to be unable to pay your debts as and when they…

If your company is insolvent, or is likely to become insolvent, the natural inclination is to continue trading in the hope that things will turn around. There are, however, many reasons why making the decision to voluntarily place your company…