What to Do If a Creditor Threatens Bankruptcy

What to Do If a Creditor Threatens Bankruptcy

Aug 1, 2025

What to Do If a Creditor Threatens Bankruptcy Here’s something that might shock you: creditors can push you into bankruptcy over a $10,000 debt. The court can declare you bankrupt even if you’re not there to defend yourself. Many people don’t take bankruptcy...
An Australian’s Guide to Priority of Payments in Liquidation

An Australian’s Guide to Priority of Payments in Liquidation

Jun 16, 2025

An Australian’s Guide to Priority of Payments in Liquidation When a company enters liquidation, who gets paid (and in what order) can make all the difference. In Australia, the priority of payments is governed by strict rules under Section 556 of the Corporations Act...
Restructuring Meaning in Business

Restructuring Meaning in Business

Mar 16, 2025

In 2021, the Australian Government made changes to the country’s insolvency framework to better serve small businesses, making it easier for them to bounce back from financial challenges As part of these changes, the Government introduced a new, simplified debt...
What is Legal Compliance for Australian Businesses?

What is Legal Compliance for Australian Businesses?

Dec 20, 2024

Australian businesses are subject to a wide range of laws, licences and regulatory bodies. Complying with these regulations can be a challenge, but it’s an important part of operating a business. Meeting your compliance requirements can minimise risk, improve...
Small Business Cash Flow Management – Top Tips

Small Business Cash Flow Management – Top Tips

Sep 30, 2024

Company directors have a duty to act honestly and in the best interest of the business. One of the most important parts of this duty is maintaining an understanding of the company’s financial position. Directors are responsible for dozens of tasks. It’s easy to let...