The Insolvency Glossary; Key Terms Explained

The Insolvency Glossary; Key Terms Explained

Insolvency law is complex, which is why we have put together easy-to-understand definitions of some of the more commonly used terms in insolvency law in order to assist you should you come across a...

What to do if someone isn’t paying your bills?

If you have a customer/client that is not paying their invoices on time or is refusing to pay for works and/or services provided, then you may have to start your debt recovery process. In order to...

How long can you be chased for a debt?

Have you ever wondered how long you can be chased for a debt or how long you have to recover your unpaid debts? In most states in Australia, the limitation period for debts is for six (6) years...

Three Ways to Ensure your Business is Viable Post COVID-19

In 2020, COVID-19 forced most Australian businesses to change how they operate and to seek assistance, with 55% accessing wage subsidies and 38% accessing other government support measures. Given...

Business Due Diligence

Instalment Contracts and Forfeiture of Deposits

A recent matter reminds us all that in a hot real estate market and rising prices, any delays in settlement can be a fundamental breach. However-not all may be lost if there is an instalment contract...

Small Business Restructuring Reforms Now in Effect

On 1 January 2021, a number of amendments to Chapter 5 of the Corporations Act (2001) (Cth) came into effect, establishing a new framework of Australian insolvency law to better serve small...

Update to Ending of COVID-19 Relief Measures

  Overview On 22 March 2020 the Government announced temporary insolvency relief for financially distressed companies, to help businesses get to the other side of the Coronavirus crisis.  The...

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Credit Control

10 Golden Rules of Credit Control

The first step to effective credit control is to consider whether your business will provide credit and if so, to whom and on what terms.

Has your company been served with a Statutory Demand?

If your company has been served with a creditors statutory demand for payment you must act with urgency, as allowing it to expire can cause irrevocable harm. The most simple way that a company can be...