October 4, 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 late...

May 22, 2019

Well, it’s coming to that time again. The end of the financial year. Over the coming months many accountants and professional advisors will be meeting with their clients, and perhaps talking to those business owners that have not paid much attention to the numbers sinc...

October 8, 2017

Often an Insolvency Practitioner (‘IP’) may state to potential clients that everything will be fine. This comment is one that I heard come from the lips of many an IP at the initial client meeting regarding the client’s personal or corporate insolvency. This leads to c...

June 29, 2017

Getting specialist insolvency advice prior to entering into bankruptcy can have an enormous impact on the process and outcomes. This month’s case study depicts a situation where our client entered into bankruptcy without specialist advice and how de Jonge Read assisted...

May 23, 2017

Sometimes clients stick their heads in the sand and do not seek specialist advice when they are initially served documents or become aware of looming issues. This being the case, we are occasionally referred files at the very last minute. Even in these situations swift...

April 18, 2017

 
Typically, the Christmas & Easter periods are a difficult time for many businesses as most industries shut down during these holiday seasons, thus having a significant impact on business cashflow. This can often put the “last nail in the coffin” of a business sufferi...

January 19, 2017

BACKGROUND

Recently, a client was referred to de Jonge Read by his accountant. He operated a sole-trader business in the mining services industry and had a history of noncompliance with the ATO which resulted in a sizeable debt being accrued. This debt position was app...

December 13, 2016

BACKGROUND

We were approached by a client who operated a steel manufacturing business that had lost a major trading partner and subsequently endured insurmountable cash flow issues.  The situation compounded causing aged creditors to blow out to 120 days.  The company w...

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