What Is External Administration?

What Is External Administration?

What Is External Administration? You might have seen the term on an ASIC search or in a letter from a creditor’s lawyer. External administration is one of those terms that sounds more complicated than it is, but it’s important to understand, especially if your...
Can You Start a Business After Bankruptcy

Can You Start a Business After Bankruptcy

Yes, but the path forward depends on your specific situation. The Australian market can be tough, and we understand that financial setbacks happen. Bankruptcy doesn’t permanently end your career, though it does create temporary limitations you need to...
What Happens to Employees During a Business Restructure

What Happens to Employees During a Business Restructure

When a small business enters financial distress, one of the biggest concerns is what happens to employees. As a business owner, you likely might feel a strong sense of responsibility toward your staff. For employees, uncertainty around wages, entitlements and job...