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Australian business owners face a challenging economic era, with many SMEs struggling with...

There are likely to be hundreds of Australian businesses struggling to stay afloat as we attempt to transition to the ‘new normal’ phase of the global pandemic crisis. After lengthy, repeated lockdowns with little, or no, trading and a struggle to find employees, many companies will fold. If your business…

A Garnishee order, in NSW, or anywhere in Australia, is a mechanism to collect funds to cover an unpaid debt. A garnishee order may be issued to recover debts from an individual. The Australian Taxation Office (ATO) may issue a garnishee order to recover unpaid tax debts against a company. This article will…

In addition to Australia’s competitive marketplace, businesses have had their trade slow down or completely stop, during the various lockdowns and measures taken to reduce the impact of the Coronavirus pandemic on the population. It looks like we are inching towards a “new normal” way of living and…

Garnishee notices are legal instruments used in debt recovery processes. They are directives issued by a court or government agency, compelling an entity or individual to withhold funds from a debtor and redirect them to the creditor. This guide describes garnishee notices and the processes involved.

Major Australian cities are cautiously emerging from long-term lockdowns, put in place as preventative measures in reaction to the Coronavirus pandemic. None of us knows yet whether we are returning to ‘normal’ or whether the worst of the pandemic is over. For many businesses, these unprecedented…

Almost two years since the global COVID-19 pandemic changed the way we all live and work it is still unclear what the ‘new normal’ will be or if there will ever be a ’normal’ again! It is not surprising a great many businesses have not survived the massive changes to the way we shop and trade now…

There is often confusion regarding the difference between personal insolvency and an insolvent company. If a company director becomes bankrupt there are consequences for the company and if a company is insolvent, there may be consequences for the directors. This article will take a look at both situations…

The company is insolvent and unable to repay debts. The directors may be guilty of trading while insolvent if the company continues. The company has severe financial difficulties and is under pressure from creditors. There are disputes between directors/other shareholders. An Administrator is appointed…