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Industry Insight

Provisional liquidation is a mechanism available to creditors or members of a company in Australia which is derived from section 472(2) of the Corporations Act 2001 (Cth) (the Act). An application to appoint a provisional liquidator can be filed any time after the filing of a winding up application and

Bankruptcy is a legal status that can be imposed on an individual who is unable to repay their debts. It is a process that provides relief to insolvent debtors by allowing them to seek protection from their creditors and potentially have their debts discharged. There are two ways in which

The perplexing conundrum of observing insolvency and financial tumult in Australia’s mining sector amidst record highs in mineral prices and employment, invites scrutiny into the undercurrents that drive these seemingly paradoxical scenarios.
As many of you will be aware, on 28 September 2022, the Parliamentary Joint Committee on Corporations and Financial Services began an inquiry into corporate insolvency in Australia and on 12 July 2023, they handed down their report in relation to their findings.
Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items.
Advisory division will aim to assist government agencies and accountants in lessening the impact of business collapses…
Audited Financials are qualified financial statements (Balance Sheet and Profit & Loss) by an independent qualified auditor that confirms whether the statements accurately reflect a company’s financial performance.
In May this year, I posed the question as to whether the often spoken of insolvency tsunami was finally upon us and whilst that hasn’t eventuated, formal appointment numbers have continued to rise consistently over the period since and it appears as though this trend will remain through the end
On 28 September 2022, the Parliamentary Joint Committee on Corporations and Financial Services began another inquiry into corporate insolvency in Australia.
In this episode, we are joined by Gary Busby and Bronwyn Dumont from the Australian Taxation Office to provide Insights into the Collections Team. In the market’s insolvency and restructuring situations, the collections team is essential.