EXPERIENCE

cathro

Combating Illegal Phoenix Activity

A timely reminder to company officers and advisors that the anti-phoenix law reforms introduced over two (2) years ago to combat illegal phoenix activity is at work and is demonstrated in a recent decision where a sale transaction was declared void.

ATO’s ticking time bomb of unpaid construction tax bills

Construction-related businesses have built up a mountain of unpaid tax bills during the pandemic, threatening a wave of failures this year that could take otherwise-healthy creditors down with them, insolvency practitioners warn.

New home sales show builders face a tough 2022

Home builders face a tough 2022 as soaring demand for new houses and rising costs and labour shortages put them at risk of a profitless boom…

Books and Records: A Gatekeeper to Insolvency Presumptions

In our last article, we spoke about the benefits of maintaining financial records to monitor a business’s financial health.

Rolling Lockdowns, Uncertain future for businesses, the Advisers and What it Means for your client’s

The world has changed – Australians are locked down and facing challenging restrictions. What that means is that businesses (your clients) could be severely impacted.

Worrells Loses Fee Generator As Cathro Goes Boutique

For former Worrells partnerSimon Cathro, the worst of times might also be the best of times to pursue his ambition to found and grow his own insolvency firm…

Napoleon saved from liquidation

Three months after going into voluntary administration, Napoleon Perdis Cosmetics has been saved from liquidation by KUBA Investments, following a meeting with creditors…

‘Daigou queen’ offers to save Napoleon Perdis

“Daigou queen” Livia Wang and former Witchery executive Henry Lee have come to the rescue of Napoleon Perdis, offering to buy his eponymous make-up empire, which went into voluntary administration in January…

Mecca, Sephora blamed as Napoleon Perdis enters administration

An influx of international and independent beauty brands contributed to the collapse of Australian-grown cosmetics empire Napoleon Perdis Group, which has stepped up a search for buyers after appointing voluntary administrators…

Administrator investigating circumstances behind ‘unofficial’ Foodora directors

The Australian Tax Office could struggle to pursue individual Foodora directors for what is being flagged as more than $10 million in tax and superannuation liabilities as the company’s only official Australian director is a 23-year-old accountant…