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...
by Liam Bellamy | Dec 11, 2023 | Business, Restructuring
December traditionally marks our compilation of an annual list chronicling the year’s most notable corporate collapses. This task posed a challenge for several years due to the scarcity of corporate insolvencies in Australia and on the global stage. However, 2023...
by Liam Bellamy | Dec 9, 2023 | Business, COVID-19, Insolvency, Restructuring
Background: RRI embarked on its first small business restructuring endeavour with a complex introduction to the process. We were engaged by an Indigenous Corporation in South Australia to serve as the Restructuring Practitioner for their social enterprise. The...
by Liam Bellamy | Nov 16, 2023 | Business, Insolvency, Restructuring, Tax & Accounting
The insolvency landscape in Australia has been experiencing notable shifts recently, with insolvency numbers returning to pre-pandemic levels. The initial post-COVID period saw a rise in construction-related insolvencies, but more recently, the issue has become...
by Liam Bellamy | Oct 14, 2023 | Business, Insolvency
Section 203AB of the Corporations Act 2001 (Cth) was introduced in 2020 by the Australian Federal Government to combat “phoenixing,” a practice where companies evade debt by liquidation or abandonment. This section renders a director’s resignation...
by Liam Bellamy | Sep 12, 2023 | Business, Insolvency
Liam Bellamy, a Founding Partner of RRI, was entrusted with the role of Administrator for a prominent Crane Company in Victoria. The company specialises in Mobile Crane and Crane Labour Hire Services within Victoria and is a critical player in the region’s...
by John Kukulovski | Jun 7, 2023 | Business, Finance, Recovery, Tax & Accounting
As insolvency professionals, we are often asked by company directors or advisors why an insolvent company cannot simply be walked away from and left for ASIC to deregister. This is a practice that, although frowned upon by regulatory bodies, can and has been...
by Liam Bellamy | May 23, 2023 | Business, Insolvency, Recovery, Restructuring, Tax & Accounting
As trusted insolvency professionals dedicated to assisting company directors in Australia, we understand the significance of the end of the financial year (EOFY) for businesses facing financial challenges. It’s a critical time that demands careful planning and...