Supply Chain Issues Crippling Construction Sector

Supply Chain Issues Crippling Construction Sector

Apr 29, 2022

Supply Chain Issues Crippling Construction Sector The building and construction industry in Australia has been faced with a series of unprecedented challenges over the last several years. The sector has been impacted by events both national and international and...
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...
What is Members Voluntary Liquidation?

What is Members Voluntary Liquidation?

Jul 20, 2021

A Members’ Voluntary Liquidation or MVL is a process which can only be used by a company which is solvent. To be eligible, the company must be able to pay its debts in full within 12 months of the MVL commencing. It could also be utilised for winding up solvent...
What is Creditors Voluntary Liquidation?

What is Creditors Voluntary Liquidation?

Jul 20, 2021

What is Creditors Voluntary Liquidation? A Creditors Voluntary Liquidation or, CVL for short, is a formal insolvency process which begins when the shareholders of an insolvent company decide to liquidate the company and appoint a liquidator. This usually occurs when...