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…
The purpose of a liquidationis to ensure that a company is wound up fairly and equitably when it is unable to payits debts as they fall due.If, at any time, a company is unable to pay all of its debts…
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…
Australian Insolvency Services is an Australian insolvency firm which can help you solve any debt problem whether it be a personal or a company debt. We are a full service insolvency firm. Here are some of the reasons why you…
Are your debts piling up? Not sure where to turn to? One of the options available is entering into a personal insolvency agreement (PIA). Australian Financial Security Authority (AFSA) defines personal insolvency agreement as “a flexible way for a debtor…
Knowing how to spot the signs of corporate insolvency and receiving the correct professional advice is critical. It could very well be the ‘make or break’ of your business or company. In order to prevent insolvent trading and limit the…
Declaring bankruptcy is a double-edged sword. While it may offer you a clean slate to rid yourself of your debts and prepare for a more efficient financial afterlife, it also has some major drawbacks that may affect you in the…
Inland NSW Regional Tourism Organisation Incorporated has collapsed into voluntary administration, leaving many small businesses’ future in question. On March 31, the NSW tourism body appointed Bradd Morelli and Andrew Spring from Jirsch Sutherland as joint appointed voluntary administrators. The…
If your business is heading down the path of voluntary liquidation, it helps to do your research so that you can appoint a licensed and registered liquidator with the skills and qualifications to take on your case. Australian Insolvency Services…
A new survey has revealed that Australian CEOs are gloomy about 2016 and fearing corporate insolvency as the world economy is set back by $200 trillion in debt that will not get paid back. According to ASX chief executive, Elmer…