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 Debt, business restructuring, reduce business debt, company insolvency, business closures Australia, business viability, assessment tool, company turnaround, small business restructure, Liquidation

How is a Liquidator Remunerated?

Some operators sell “low-cost” liquidation without telling you how a Liquidator actually gets paid. Here’s the information you need to make the right decision.

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Topics: Company Liquidation, Business Debt, Liquidation

Deregister or Liquidate – Which is Best For You?

When a company stops trading, it is up to the director to deal with it correctly. Otherwise, it will sit dormant and accumulate fees. There are several ways to close your company. The best option depends on the current financial position of your company. For instance, is your company solvent or insolvent? Does it still have valuable assets? In this article, we run through the options, so you can make a decision whether to deregister or enter liquidation.

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Topics: Company Liquidation, Business Debt, Liquidation

The Consequences for Those Involved in a Liquidated Company

If your company is being liquidated, it can be a frightening process. You will see a company you value quickly dissolve, you won’t get to see your co-workers anymore, and you will have lost your income.

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Topics: Company Liquidation, Business Debt, Liquidation

Upcoming Changes to COVID-19 Stimulus Measures for Australian Businesses

In early 2020, the Federal Government released a range of COVID-19 stimulus measures to financially support Australian businesses through the Coronavirus pandemic.

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Topics: Voluntary Administration, Director Advice, Business Debt, Liquidation

6 Key Steps to Paying Off Your Business Debt

For many business owners, taking on business debt is a good thing. It can help you grow your business, finance further business opportunities, purchase more items and expand your offerings. However, sometimes business debt can get out of control, especially if your business is having difficulty meeting sales projections.

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Topics: Business Debt, Debt Consolidation, Liquidation, Debt Management Plans

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