If your business is struggling, deciding what to do isn’t easy, especially if you have a small to medium business and are emotionally, as well as financially, invested. To help you make the best decision for yourself, and your company, here’s the main personal risks you could be faced with.
Topics: Director Advice, Turnaround & Restructuring, Business Debt, Business Turnaround
Should directors disclose their outstanding ATO super debts now in anticipation of the law being passed? Or do they hold off until it comes into effect?
Topics: Director Advice, Business Debt
If your business is struggling to pay its debts, you may be experiencing uncertainty about how to fix the problem. This can lead to stress, anxiety and a worsening of the situation. If this sounds like you, a business health check can help.
Topics: Turnaround & Restructuring, Business Debt, Business Turnaround
Explore differences between bankruptcy, insolvency, & liquidation in Australia. Learn signs & get guidance from Revive Financial.
Topics: Bankruptcy, Company Liquidation, Director Advice, Business Debt, Liquidation
One way creditors can recovery money from a company is with a Statutory Demand. This demand, made under the Corporations Act 2001 gives the company's director 21 from days from the day it's received to pay a specified sum of money.
Topics: Company Liquidation, Tax Debt, Business Debt, reduce business debt