Ensuring business survival during COVID-19 (Coronavirus)
The COVID-19 (Coronavirus) pandemic has caused a range of unforeseen challenges and jeopardised the survival of many businesses. To ensure the survival of your business, below are some actions you should take: Revising strategy and reviewing financial statements With…
Read moreCOVID-19 (coronavirus): changes to creditor statutory demands and insolvent trading laws
On March 25 2020 the Coronavirus Economic Response Package Omnibus Act 2020 came into effect in response to the economic impact of COVID-19 (coronavirus). The Act makes significant changes to both insolvent trading laws and creditor statutory demands. These changes…
Read moreWhat does a Deed of Company Arrangement (DOCA) do?
Have you ever come across the term Deed of Company Arrangement (DOCA) when looking at options to lessen the burden of debt for your company? You may have wondered what is a DOCA and how it will help your company…
Read moreHorror Stories of Franchisees Struggling with Personal Debt
Recent stories in the media have revealed the horrific reality of owning a franchise. Many franchisees complain that the lack of support from their franchisors have led to the demise of their businesses and, consequently, their own personal solvency. …
Read moreCorporate Insolvency – What are my options?
If your business is unable to meet its debts as they become due, it’s important that you act immediately and seek professional advice. Here at Australian Insolvency Services, we offer a range of business debt solutions that will help you…
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