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If your business has received a Statement of Claim then you have been taken to court. The dispute between you (the defendant) and the person or business (the plaintiff, or applicant) filing the statement of claim is in the court’s system. You must respond within 28 days or there could be serious repercussions…

Creditors have various means of debt collection they can apply, and the following are the five most common. Statement of Claim A statement of claim is normally the first step in the debt collection process through the court system. The statement of claim will address the elements of the law…

Voluntary Administration offers a lifeline for businesses facing financial distress. It is a process designed to provide breathing space for companies, allowing them to reorganise or restructure their operations for better financial health.

If you believe your business is insolvent and you are considering putting the company into voluntary administration, you’re making a wise decision that may end up saving your business from liquidation. This article will provide an overview of Voluntary Administration. We’ll look at the duties of the administrator…

In the world of business, financial turbulence is not an uncommon scenario. Companies, big or small, may face financial difficulties due to various reasons. It’s during these challenging times the concept of voluntary administration comes into play. But what exactly is voluntary administration, and how does it work?…

Voluntary Administration is a valuable tool for businesses in Australia facing financial difficulties. This option can provide an opportunity for companies to stay afloat and improve their financial situation with the help of a qualified administrator. his process allows businesses to restructure and gain greater control over their debt while…

When a business is struggling financially, its owners may consider Voluntary Administration as a way to restructure the company and allow it to continue operating. Voluntary Administration is a formal process administered by a licenced, independent administrator. The administrator will take control of the company and work…

We are, hopefully, approaching the end of two years of uncertainty, lockdowns and other restrictions in response to the global Coronavirus pandemic. However, at the time of writing, a war in Eastern Europe is impacting the price of oil and increasing the cost of living across most of the world. Many…