Your comprehensive guide to Voluntary Administration – 2023 

All businesses experience turbulent times. It’s a fact of life. Entering into voluntary administration stabilises the situation, allowing you to hit pause, reset, and get back on track when your business is undergoing financial distress.  An Administrator may be appointed by company directors, a company’s creditors, or the court. An administrator must be a registered… Continue reading Your comprehensive guide to Voluntary Administration – 2023 

Guide to Liquidation

You may have clicked on this article, unsure if entering liquidation is right for you and your business. Many people are surprised to discover that even profitable, thriving businesses may choose to enter liquidation. But what does it actually mean when a business goes into liquidation and why would a thriving business choose this as… Continue reading Guide to Liquidation

Tourism Industry feels the pinch from lower visitor numbers and staffing shortfalls.

Despite international borders opening in February, the tourism and hospitality industry is still struggling to return to business as usual. Labour shortages are one of the biggest impediments to getting back on their feet.  While domestic visitors are returning and taking holidays, international visitors have been slow to return. According to the Australian Bureau of Statistics,… Continue reading Tourism Industry feels the pinch from lower visitor numbers and staffing shortfalls.

The best way to deal with creditors

Two building engineers wearing hardhats and discussing blueprints while working inside of a large warehouse during an inspection

Dealing with creditors can be overwhelming when you don’t know your rights, where to seek help or what to do. When you fall behind on your bills, rent, loan, credit card or debts, your creditor may obtain a debt collector. The debt collector will then be in contact with you to retrieve the debt for the… Continue reading The best way to deal with creditors

Business Liquidation – What does it mean?

A team of four business people is standing in front a desk in a bright office room. They ambitiously point at documents while smiling and looking at the charts and notes.

Many people are surprised to discover that even profitable, thriving businesses may choose to enter liquidation. But what does it actually mean when a business goes into liquidation and why would a thriving business choose this as their path?

Members’ Voluntary Liquidation Explained

Mature woman sitting amongst colleagues at coffee shop. Group of three business people sitting at a coffee shop and talking.

When a solvent company permanently stops trading and shuts down, it begins the process of Members’ Voluntary Liquidation, a formal process that allows a solvent company to wind up affairs. Many businesses opt for this option, and in this article, we’ll explore the various benefits involved and the steps that company’s need to take in… Continue reading Members’ Voluntary Liquidation Explained

Debt Management Tips for Company Directors

Debt is a normal part of doing business. Every company will have some debts that must be managed on a regular basis, and good debt management is about always being aware of the debts you have and dealing with them in a timely and structured manner.

What is Business Liquidation?

When a business gets into trouble, it has a number of insolvency options. Whether you’re an advisor to a business in financial strife or you’re in charge of such a …