by John Kukulovski | May 19, 2022 | Business, COVID-19, Finance, Insolvency
What do you do if your builder goes bust? A recent string of financial troubles in large construction companies have shown that the building industry is anything but bulletproof. ProBuild and Condev have both become insolvent, and recent crisis talks between officials...
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 Liam Bellamy | Apr 21, 2022 | Business, Finance, Insolvency
The solvency or insolvency of a business is defined by whether its debts can be paid as and when they fall due. Whilst this distinction is clear, many directors tend to miss common early indicators of insolvency, this can lead to businesses trading whilst insolvent...
by Liam Bellamy | Mar 16, 2022 | Business, Insolvency
In this video, managing partner Liam Bellamy discusses the liquidation process and different types of liquidations in Australia. Shedding light on the effect it can have on directors and employees as well as its suitability for businesses in financial trouble. Music:...
by John Kukulovski | Mar 16, 2022 | Finance, Insolvency, Recovery
A personal guarantee is a written contract which 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 in an...
by John Kukulovski | Feb 27, 2022 | Business, Finance, Insolvency, Main news
Construction giant ProBuild has recently appointed Deloitte as administrator after it’s parent company WBHO South Africa announced it would cease support for its ailing subsidiary. This has left many tradesmen and subcontractors owed large sums of money and in the...
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 Liam Bellamy | Feb 10, 2022 | Business, COVID-19, Finance, Government Support, Insolvency, Tax & Accounting
Well, there’s no other way to say it, 2021 was not easy. With scaling back of Covid-19 lifelines, numerous lockdowns, and the late year super spread of Omicron that has led to some of the lowest rates of consumer spending since the pandemic began. It’s fair to say the...
by John Kukulovski | Feb 10, 2022 | Business, COVID-19, Insolvency
To say 2021 was a mixed basket for us all would be a colossal understatement. With insolvency protections and business lifelines like Jobkeeper being pulled back earlier in the year, 2021 was the year many predicted as the start of mass winding ups post covid-19....
