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Consequences of Bankruptcy (And How to Manage Them)

While bankruptcy can provide relief from overwhelming debt, the consequences of bankruptcy can be far-reaching. Learn more and find out how to manage them

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Topics: Bankruptcy, Budgeting, Personal Debt, debt, personal finance, budgeting calculator, credit score, Debt Management, advice, financial recovery, bankruptcy laws

Buy Now Pay Later Leads to Bad Credit for Australians

BNPL isn’t classified as credit, but did you know it can still negatively impact your credit score? Learn more about buy now pay later bad credit in Australia

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Topics: Budgeting, Personal Debt, debt, BNPL, Debt Management, advice, money management, Australia, buy now pay later, bad credit, budgeting calculators

Step-by-Step Guide to the New Small Business Restructuring Process

From determining eligibility to acceptance of the plan, learn how the new reforms to support small business work after coming into effect on 1 Jan 2021

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Topics: Turnaround & Restructuring, Business Debt, insolvency reforms, business restructuring, small business restructuring, restructuring process, insolvency advice, business support COVID-19, debt

Tips for Accountants when Dealing with Company Liquidators

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.

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Topics: Tax Debt, Business Debt, debt, corporations act, Insolvency, Liquidation, small business, accountants, company debt, company liquidators, letter

When Do Directors Become Personally Liable?

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.

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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

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