Articles
BIR solvency SOLUTIONS
We provide both business and technical updates on issues impacting upon restructuring as well as converting an insolvent situation into a solvent one.
Part payment of debts - should you deposit that cheque?
SS 100701
Can a debtor make a part payment of a debt and stipulate that by banking the cheque, the creditor accepts that the debt has been paid in full?
The Collapse of Clive Peeters
SS 100502
Clive Peeters is not the exception to the rule. What happened here is the rule - for many businesses which are in financial difficulty.
Legal Case May 2010: Shadow director claims against creditor rejected
SS 100501
Creditors can work with a debtor company to recover its debt without being caught acting as a shadow director of the debtor company.
Legal Case Feb 2010 Court forgives Director's insolvent trading
SS 100201
For the first time, a judge has exercised his discretion under the Corporations Act 2001 (Cth) to provide a director with complete relief from penalty following a finding of insolvent trading.
Dealing with the ATO & Your Tax Debt
SS 090801
The tax man is the world's largest creditor and is likely to feature in liquidations far more than any other creditor. So what should you do if your tax debts are mounting in tough times?
Director Penalty Notices (DPNs)
SS 090201
DPNs can result in a personal liability for a director - and you have less than 14 days to act if you have received one in the mail.
How to survive insolvency – and prosper
SS 080801
More businesses are drifting closer to being labelled insolvent, but are nowhere near complete failures - yet. We reveal the warning signs and maps a way out of the mire.
Saving Stakeholders & Saving Businesses
SS 080501
With planning, business failure can be the start of something new, something bright and something exciting.
The restructuring process - an overview
SS 071101
Find out some details about restructuring before you start
Plan B - The Process of Survival
SS 070801
Solutions for companies and their directors in high pressure solvency situations
The process of informal restructuring
SS 070501
Ensuring early intervention leads to a successful business turnaround
Winding up a solvent company
SS 070301
Not all winding ups relate to insolvent situations
Restructuring when insolvent - a detailed review
SS 061101
This review provides an understanding of the key issues in plain English
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