Case Studies

 

Navigating through the insolvency framework.

 

30 Oct 2019

This month we look at one of the early warning signs that a business may need pre-insolvency advice – fintech lending. In this instance we are referring to online business loan applications. There has been a proliferation of lenders in this space, with their loans promoted as short-term unsecured business lending. Clearly, there is a space in the market for this type of lending, and in the right circumstances, this can be a viable solution to a s...

4 Oct 2019

There has probably never been a few weeks like this for travel agents. First, Thomas Cook, an icon of the industry with a 140-year history went into liquidation. This left around 600,000 travelers stranded somewhere and needing to get back home. Then, a short time later, Australian travel wholesalers, Tempo Holidays and Bentours both entered voluntary administration. Again, the owner, Cox & Kings is a longstanding industry stalwart, having been f...

20 Aug 2019

This month’s case study looks at the ATO’s ability to issue Garnishee Notices. Garnishees can be powerful and should be taken very seriously. Don’t underestimate the power of the ATO’s garnishee capabilities, even if their initial actions are unsuccessful.  In this case the ATO continued to escalate their recovery actions by the use of Garnishees. So, something that was not that big a deal to the client soon turned into a massive problem.


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