Who Appoints the Liquidator to an Insolvent Company? The type of liquidation chosen will determine who can appoint the liquidator. Creditors’ Voluntary Liquidation A Creditors’ Voluntary Liquidation, also known as a voluntary liquidation, is initiated by the company’s directors and…

What is the director personally liable for during company insolvency? If you are a director with a struggling business, it is important to know how your company insolvency may affect you personally. You should be aware of the situations in…

New Debt Agreement Reforms – What are the Changes? In September, the government introduced the Bankruptcy Amendment (Debt Agreement Reform) Bill 2018. For individuals struggling financially, debt agreements are a significant and popular alternative to personal bankruptcy. This legislation aims…

As a business owner or director, it is essential to always be mindful of the early warning signs of company insolvency. By recognising and becoming aware of the indicators, business owners are empowered with the opportunity to renew, improve, and…

No one ever wants to reach the stage of bankruptcy, but once you are there, is there any way out?   Automatic Discharge from Bankruptcy Bankruptcy usually ends three (3) years after you lodge your Statement of Affairs, but the…