What Does ‘Strike-Off Action in Progress’ Mean?

What Does ‘Strike-Off Action in Progress’ Mean?

Apr 19, 2024

The Australian Securities and Investments Commission (ASIC) oversees every corporate entity in the country. ASIC maintains a register that all companies and organisations are required to be a part of. Oversight from ASIC ensures that companies and their directors are...
Comparing Small Business Restructuring and Voluntary Administration

Comparing Small Business Restructuring and Voluntary Administration

Dec 1, 2023

Corporate insolvency law is some of Australia’s most complicated legislation. There are lots of options available, and deciphering the differences can be a challenge. This changed in 2021 when the Australian Government released two new insolvency processes: Small...
Statutory Demand Notice

Statutory Demand Notice

Nov 29, 2022

Statutory Demand Notice If your business is struggling with insolvency, it’s possible that you’ll receive a Statutory Demand Notice from a creditor. Statutory Demand Notices are a formal attempt by the creditor to recover a debt they’re owed. Receiving a Statutory...
Letters of Demand

Letters of Demand

Feb 1, 2022

Letters of Demand Have You Received a Letter of Demand? Generally, a supplier or business that has not received a payment from you within a certain timeframe will issue you a letter of demand. This will state how much money is owed as well as the required timeframe...
Process of Declaring Bankruptcy

Process of Declaring Bankruptcy

Oct 21, 2021

Process of Declaring Bankruptcy What is Bankruptcy? When a person is unable to pay their debts or reach a suitable agreement to repay their debts to creditors (a creditor is a company or person who is owed money), they are deemed to be insolvent. Bankruptcy is a legal...