Director Penalty Notices and Insolvent Trading: What Small Business Directors Need to Know
Director Penalty Notices and Insolvent Trading: What Small Business Directors Need to Know It can be stressful and overwhelming when a Director Penalty Notice (DPN) lands in your hands, or you’re worried one might. Once issued, they shift the problem from the...
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...
Safe Harbour for Small Business Directors — How It Works and When to Act
Safe Harbour for Small Business Directors — How It Works and When to Act Many directors assume that the moment insolvency looms, they must immediately appoint an administrator or face personal liability. That’s not true, and understanding why could be the...
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