After years of working to build your business from the ground up, the thought of losing it all because your personal finances are dire is a nightmare. It is still possible to keep trading as a sole trader if you are bankrupt or personally insolvent.
Topics: Bankruptcy, Director Advice, Business Debt
If one of your clients has entered liquidation, it won’t be long before the company liquidator contacts you. Here’s how to deal with them and their requests.
Topics: Tax Debt, Business Debt, debt, corporations act, Insolvency, Liquidation, small business, accountants, company debt, company liquidators, letter
Directors are generally protected from the actions and debts of their company, with exceptions. Here's what directors can be held liable for in Australia.
Topics: Tax Debt, Business Debt, debt, corporations act, Insolvency, Business, small business restructuring process, Director Liability, personal guarantees, company finances, director insurance, deed of indemnity, phoenix activity
Consolidating debt by refinancing your home loan can be an easy and affordable option that doesn't impact your credit file. But here are the pro's and con's.
Topics: Debt Consolidation, Mortgage Refinancing, Personal Debt
For Australian businesses meeting their debts but starting to feel a cashflow squeeze, there are options to company liquidation.
Topics: Company Liquidation, Business Debt, Liquidation