Would you let an unqualified doctor operate on you? Would you be happy for an unlicensed builder to build your house? Then why would you risk using an unqualified insolvency expert or liquidator? Before you engage an insolvency expert, make sure they are qualified by following these three steps.
Topics: Director Advice, Business Debt, insolvency advice
Your first business isn’t always the one to succeed. Often, successful entrepreneurs fail at multiple businesses. While these businesses are failures, they’re also lessons. Every mistake that is made is a mistake an entrepreneur won’t make in their next business – improving their odds of success.
Topics: Director Advice, Business Debt
This article discussions several questions you should consider asking while going through your search for business insolvency advice. There are many solutions out there, you just need to find the most ideal one for your financial situation.
Topics: Director Advice, Turnaround & Restructuring, Business Debt, small business restructuring
If your company is experiencing a cash flow or liquidity crisis, you need to consider whether it can still pay its debts when they become due. If it can’t, then your company may be insolvent.
Topics: Director Advice, Business Debt, Insolvency, Liquidation
The ATO holds a special suite of powers beyond the usual debt recovery strategies that sets them above the usual creditor.
Topics: Tax Debt, Director Advice, Business Debt