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Company Liquidation
Understanding Business Liquidation Companies in Australia

Understanding Business Liquidation Companies in Australia

In this article, we aim to shed light on the role and importance of business liquidation companies, tailored specifically for professionals and executives in Australia. We explore business liquidation, including how it can impact different types of businesses. We discuss the role of company management…

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The Essential Guide to Business Liquidation in Australia

The Essential Guide to Business Liquidation in Australia

In the uncertain world of business, it’s not uncommon for companies to find themselves facing financial difficulties. One possible outcome of these circumstances is business liquidation. This article will help with understanding what this means. The causes, the process, and any alternatives can be crucial for decision-makers…

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A Comprehensive Guide To Small Business Liquidation

A Comprehensive Guide To Small Business Liquidation

When a company becomes insolvent and enters the liquidation process, this can be a stressful and confusing time for those directly involved. This article is a guide to the process and what your role may involve. We will end with advice on how to recover from financial difficulties and avoid insolvency…

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Where To Start If Your Company Goes Into Liquidation?

Where To Start If Your Company Goes Into Liquidation?

Liquidation in Australia is the process of winding up a business. The business will often have been insolvent and the liquidation process will distribute any business assets to creditors to pay off outstanding debts. This guide is in three sections. We examine the role of the liquidator and the end-to-end…

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What To Do If You’re An Unsecured Creditor

What To Do If You’re An Unsecured Creditor

Do you suspect that one of your customers is having financial difficulties? Are they at risk of becoming insolvent? In the event of a financial crisis, it is likely that your customer will go into liquidation or begin Voluntary Administration. You will be considered an unsecured creditor. This means that your…

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All You Need To Know About Business Liquidation

All You Need To Know About Business Liquidation

What is a business liquidation? Liquidation is a legislated process by which the assets of a registered company are realised, its financial affairs finalised and the company is deregistered meaning it ceases to exist. In nearly every case, liquidation boils down to a cash flow issue. When it is no longer…

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Simplified Liquidation Process

Simplified Liquidation Process

On 10 December 2020, the Federal Government made changes to Australia’s insolvency framework. As a part of these changes, a new, Simplified Liquidation Process was introduced on 1 January 2021. The new Simplified Liquidation Process is a streamlined creditors voluntary winding up for Companies that have…

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Worried About Insolvent Trading?

Worried About Insolvent Trading?

One of the lifelines that was thrown to businesses from the Government during the pandemic was a blanket form of “Covid Safe Harbour”. This temporary version of Safe Harbour was introduced by the Federal Government, offering protection to Directors against personal liability for debts incurred by a company…

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Insolvency & Bankruptcy Protections Extended

Insolvency & Bankruptcy Protections Extended

On 7 September 2020, the Federal Government announced that the temporary changes to the creditors’ statutory demand and insolvent trading laws have been extended to 31 December 2020. Regulations will be made to extend the changes originally announced in March, from 25 September to…

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What Happens When The Taps Are Turned Off

What Happens When The Taps Are Turned Off

2020 has thrown us hurdle after hurdle and many businesses have taken a big hit. While everyone is trying to make the best of a bad situation, many business owners may find themselves thinking, “Will we actually make it through this period and be able to get our business back on track?” The Government…

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So, What Happens When You Are No Longer Eligible for JobKeeper?

So, What Happens When You Are No Longer Eligible for JobKeeper?

September 2020 will be a critical month for many businesses and the economy in general. This means when Covid support ceases for your business, business owners will once again need to rely solely on their own turnover as well as deal with creditors seeking to recover debts. Some of which could’ve…

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How To Improve Your Business Performance

How To Improve Your Business Performance

Improving business performance is something that most Australian companies strive for at all stages of their life span. For those experiencing a period of financial distress, it can mean the difference between survival and failure. Carrying out a regular assessment of your company’s financial health is a…

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How liquidation might help with your company’s money problems

How liquidation might help with your company’s money problems

As a general rule, your goal when running a small business is to reach an equilibrium point where the revenue you take in matches the expenses you pay out each month. If you can get to this “sweet spot” where your cash flowing in and out are equal, you just might have a chance at running a business…

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3 advantages of voluntary administration

3 advantages of voluntary administration

Let’s face it – running a business can be tough. Due to the shifting economy, changes in government policies or evolving consumer tastes and technologies, all companies will occasionally find themselves in times of financial distress. Whatever the reason behind the trouble, If your company is experiencing…

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Failing to plan is harming newer australian SMEs

Failing to plan is harming newer australian SMEs

There is no debate that owning a small-to-medium business is a popular career option for many Australians, with the number of people employed in SMEs dwarfing those working in other sectors. In fact, research from the SME Association of Australia (SMEA) has found that a staggering 99.7 per cent of all…

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How to stop your organisation going the way of Dick Smith

How to stop your organisation going the way of Dick Smith

The end of an era has come for one of Australia’s most iconic businesses, with electronics retailer Dick Smith set to close the doors of every single one of its 363 stores on both sides of the Tasman in the coming weeks. Following the appointment of administrators in January, the chain has entered an…

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Are you prepared to deal with a business crisis?

Are you prepared to deal with a business crisis?

In times of financial difficulty, it’s important to know that those in positions of importance are capable of doing what is in the best interests of the company. This can mean making some tough decisions, choosing to liquidate or appoint a voluntary administrator, for example, or put a strategy in place to…

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3 tips for managing money problems in your business

3 tips for managing money problems in your business

No matter how big an entity gets, no-one is immune to occasional financial problems. You could be considered one of the true leaders in your particular field, and the go-to reference when people think about success in your industry, but true success is dependent on careful, smart money management…

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How can liquidation affect a director’s credit rating?

How can liquidation affect a director’s credit rating?

If you are the director of a company facing the prospect of liquidation, chances are your attention may not be immediately focused on your personal finances. Once all is said and done however, whatever the final position of your business, eventually you will have to take stock of your individual position…

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Asia pacific CEOs face troubled water ahead – report

Asia pacific CEOs face troubled water ahead – report

Australian business leaders, along with their Asia Pacific counterparts, are continuing to face many challenges. As well as issues of cyber security and natural disasters, regional geopolitical tensions remain high on their agenda. In fact, according to PricewaterhouseCoopers’ (PwC) fifth annual APEC CEO Survey…

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