by Liam Bellamy | May 3, 2022 | Business, Recovery, Restructuring
What is a Voluntary Administration? What does it mean? What is the process of a Voluntary Administration? In this video, managing partner Liam Bellamy discusses the Voluntary Administration process in Australia. Shedding light on the effect it can have on directors...
by John Kukulovski | Mar 16, 2022 | Finance, Insolvency, Recovery
A personal guarantee is a written contract that sets out the acceptance of responsibility, by the guarantor, to satisfy their obligations to a third party in the case of a default. Often personal guarantees are accepted by company directors to acquire funding for...
by Liam Bellamy | Mar 16, 2022 | Business, COVID-19, Finance, Recovery
Debt. Nobody likes it, least of all businesses that have put their resources into providing goods and services and see nothing in return. As insolvency experts, we understand completely how important it is for businesses to be able to recover their money efficiently....
by Liam Bellamy | Feb 27, 2022 | Business, Finance, Government Support, Insolvency, Recovery, Tax & Accounting
It’s no secret that as liquidators we’ve seen our fair share of businesses in trouble. Yet in many cases these companies and their directors trend towards making the same critical mistakes that lead to their insolvency. While they range from critical statutory errors...
by John Kukulovski | Jul 3, 2021 | Business, Insolvency, Recovery, Restructuring
Combatting the Illegal Phoenix On 18 February 2021, reforms to the Corporations Act came into effect that dealt with the timing of Director resignations. These reforms were aimed at preventing phoenix activity by prohibiting directors from improperly backdating their...
by Liam Bellamy | Jun 11, 2021 | Business, Insolvency, Main news, Recovery, Restructuring
Undertaking A Financial Health Check Covid has again bought on a lot of uncertainty for most and in particular, businesses in Melbourne. Accordingly, we thought it would be good to put some points down for those that may be having some business and financial concerns,...