Bankruptcy & Insolvency

The Sleeping Giant Awakes - ATO Resumes Debt Recovery Post-Pandemic 05.12.22 Do you have outstanding tax obligations in light of the COVID-19 pandemic? The Australia Taxation Office is resuming its debt recovery regime – and you may be at risk. Click the below link to read more about the ATO’s debt recovery strategy post-pandemic, and what can be done to assist you.

Read More

COVID-19 Insolvency: Extensions to Bankruptcy Laws for Eligible Businesses 05.02.21 As of 31 March 2021 the Australian Government will allow financially distressed businesses to access a single and streamlined process to restructure their debts, while allowing owners to remain in control.

Read More

Why Liquidation Doesn’t Mark The End 06.12.18 On 16 March 2017, the New South Wales Supreme Court terminated a liquidation in CNL Transport following consideration of the surrounding circumstances for non-compliance with a statutory demand.

Read More

Safe harbour provisions for distressed companies 28.06.18 Safe Harbour protection is designed to provide relief to distressed companies to improve the prospects of implementing a successful turnaround strategy.

Read More

Is contract termination on insolvency clause still enforceable? 06.06.18 With recent changes to the Corporations Act 2001 the so-called ‘ipso facto’ clauses are only enforceable with court approval in the insolvency context.

Read More

3 Unexpected Benefits of Bankruptcy 22.09.17 When you hear the word bankruptcy, you likely envision a lot of horrific consequences. You understand that bankruptcy negatively affects your credit for years.

Read More

Insolvent Trading - What are the implications? 22.09.17 This article discusses the implications of not being able to pay debts as they become due and payable.

Read More

Statutory Demands & Director Penalty Notices | John Ramsden 22.09.17 A statutory demand is a formalised, written demand for payment served by a creditor on a debtor company. Failure by the company to discharge its debts posits a presumption of insolvency, being the inability for a company to pay its debts as and when they become due and payable.

Read More

Is the Gold Coast in Recession? | John Ramsden 22.09.17 The Gold Coast is currently Australia’s leading tourism destination with approximately 10 million visitors every year and is the fastest growing large city with a five year population growth rate of 3.5 per cent.

Read More

Consequences of Bankruptcy for Builders & Property Agents 22.09.17