insolvency -How to protect yourself from insolvent trading

Insolvency – How to protect yourself from insolvent trading

The Government’s National Innovation and Science Agenda has brought about some of the most significant insolvency law reforms in 30 years. The objective of these reforms is to encourage innovation, even after business failure. There is a stigma engrained in the Australia around business failure. Business owners do not go into business to fail, or […]

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Starting a New Business? Consider These 8 Points Before You Do

You’re excited. You’re about to embark on a wonderful new opportunity – you’re starting a new business with a new business partner. You feel hopeful and optimistic. Nothing can go wrong, right? But things can and do. Business relationships, like all relationships in life, go through ups and downs and sadly, break ups too. Working […]

director-personal-liability

Are directors personally liable for the debts of an insolvent company?

A company is a separate legal entity and has its own properties, duties and rights.  The company can own and sell property and other assets, sue and be sued and enter into contracts in its corporate name.  This means that the company’s debts are its own, however there are several instances where a director may […]

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How to respond to a statement of claim or debt collector

You are probably reading this because you were served with a statement of claim or served court papers by a process server. Usually mail is unwelcome – ads or bills – but this takes it to the next level. It seems people are quick to go to debt collectors or the court process to recover […]

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