by Liam Bellamy | Apr 22, 2024 | Business, Insolvency
For many small and medium-sized business owners in Australia, the decision to close down their company can be tricky and time-consuming. One avenue is Members Voluntary Liquidation (MVL). This article explains MVL, its benefits, and how it can be initiated. What is...
by Liam Bellamy | Apr 6, 2024 | Business, Insolvency
In Langdon v Tradelink Pty Ltd [2024] VSC 113, the court examined the application of Section 440J of the Corporations Act 2001 (Cth) regarding the enforcement of guarantees during a company’s voluntary administration. This section prohibits the enforcement of...
by John Kukulovski | Feb 16, 2024 | Business, Insolvency
In a recent legal ruling, the Australian Federal Court has clarified the limitations faced by directors of insolvent companies in challenging the company’s PAYG (Pay As You Go) liability. The case, involving RIC Admin Pty Ltd (Company), centred on whether a...
by John Kukulovski | Dec 19, 2023 | Business, Insolvency, Tax & Accounting
As the economic landscape evolves, business owners face various challenges shaping their operations and future-proofing their businesses. Looking at the trends we’re seeing in 2024, it’s clear there are several critical issues impacting industries,...
by Liam Bellamy | Dec 18, 2023 | Business, Insolvency, Restructuring
Overview: RRI was appointed as an Administrator for a group of companies involved in the transport business across Victoria and the east coast of Australia. Our appointment arose due to the business being taken over by a related party, which continued operating...
by John Kukulovski | Dec 11, 2023 | Business, Insolvency
In the face of an increased number of Applications to Wind Up issued by the Australian Taxation Office (ATO) against companies with unsettled tax liabilities, a strategy known as the “11th hour VA appointment” is emerging to circumvent immediate...