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...
Next Steps After Receiving a Letter of Demand

Next Steps After Receiving a Letter of Demand

Jul 14, 2025

Next Steps After Receiving a Letter of Demand A letter of demand can get pricey if ignored, leading to court proceedings that can damage your personal and professional reputation. The Corporations Act 2001 states that companies who don’t address certain demands within...
What to Do If Your Company Can’t Pay Its Debts

What to Do If Your Company Can’t Pay Its Debts

Jun 26, 2025

What to Do If Your Company Can’t Pay Its Debts Realising your business can’t pay its bills can be stressful. Whether it’s unpaid suppliers, mounting tax obligations, or staff wages you’re struggling to meet, the pressure can feel relentless. But financial distress...
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...
Financial Stress Symptoms

Financial Stress Symptoms

May 12, 2025

Financial Stress Symptoms Financial stress affects more than just your bank account. When financial difficulties arise, both your physical and mental health can deteriorate. The health consequences of money worries are substantial and wide-ranging. Physical maladies...