bankruptcy

Business closures Australia - Is the Post-COVID apocalypse still coming?

When COVID first hit, businesses Australia-wide, understandably, freaked out. Will people stop buying? Will revenue dwindle? Will I have to lay off staff? Will I be able to pay my bills?

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Topics: Bankruptcy, Company Liquidation, Tax Debt, Director Advice, Turnaround & Restructuring, business restructuring, reduce business debt, company insolvency, business closures Australia, business viability, assessment tool, company turnaround, small business restructure, Liquidation

10 Common questions asked by worried directors, answered.

Making the right decisions for your business when you’re facing financial difficulty can be tough – especially when you’re being chased for payment, trying to get cash in, and feeling isolated and overwhelmed. Fear, uncertainty and questions abound.

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Topics: Bankruptcy, Company Liquidation, Personal Insolvency, Tax Debt, Director Advice, Turnaround & Restructuring, Business Debt, company insolvency, common questions

Keep Trading as a Sole Trader if you are Bankrupt

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. We expose how to save your business when things are tough!

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Topics: Bankruptcy, Director Advice, Business Debt

Benefits of Engaging a Private Bankruptcy Trustee

Thousands of Australians choose to go bankrupt every year. During 2018-19, there were 15,329 bankruptcies. Debt doesn’t discriminate. You can find yourself in the position of needing to go bankrupt for many reasons, such as:

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Topics: Bankruptcy, Business Debt, Personal Debt

The Effects of Personal Insolvency on Your Credit Score

If you have unmanageable debt and your weekly income doesn’t cover your day-to-day living expenses, you might be facing personal insolvency. Personal Insolvency is defined as a situation where you are unable to pay your debts when they fall due. Personal insolvencies are on the rise, with the Australian Financial Security Authority (AFSA) recording 31,859 personal insolvency cases in Australia during the 2017/18 financial year; making this the largest annual number since 2010. If you’re facing personal insolvency, there are a number of options available to help. But these options can have a long-term effect on your credit score which may impact your future when applying for credit.

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Topics: Bankruptcy, Personal Insolvency, Personal Debt

6 Ways to Deal With Out-of-Control Debts

Struggling to pay your bills or make your loan or credit card repayments is a scary position to be in, especially if you have a family relying on you.

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Topics: Bankruptcy, Personal Insolvency, Debt Agreements, Debt Consolidation, Personal Debt, Debt Management Plans

How Can We Assist You Today?

Business
Personal
Please select an assistance option to continue.

Types Of Unsecured Debts

Credit/Store Cards
Personal Loan
Pay Day Loan
Tax Debt
Utility Bill
Other
Please select at least one type of unsecured debt.

Your Business Structure

Sole Trader
Partnership
Pty Ltd Company
Trust
Please select at business structure to continue.

Unsecured Debt Amount

$10,000
$1,000
$100,000+

Business Debt Amount

$100,000
$10,000
$1,000,000+

Take Back Control Today!

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