by ebony | Sep 12, 2024 | Uncategorized
What Is Insolvent Trading? Introduction Under the Corporations Act 2001(C’th) it provides for directors having a duty to prevent insolvent trading, failing which they are personally liable for civil penalties and for personal compensation to the company (usually by...
by ebony | May 12, 2020 | Uncategorized
Many businesses are struggling to operate and are “deferring debts”. Experts are warning this practice of “deferring debts” may cause an increase in business liquidations over the next 12-18 months. With COVID-19 severely impacting business revenue, many businesses...
by ebony | Apr 20, 2020 | Uncategorized
With COVID-19 travel restrictions in place, many airlines are struggling. News broke late yesterday that Virgin Australia has now been placed into voluntary administration, with $5 billion in debts. What exactly does “voluntary administration” mean? Voluntary...
