November 1, 2017

At times business partnerships run their course. Be it retirement, interstate relocation or a divergence of ideologies there can come a time where shareholders of a corporate entity seek a return of their investment in order to transition into a new stage in their care...

March 23, 2017

BACKGROUND

Mary operated a café in a popular Gold Coast weekend destination. The business had been in the family for over two decades. Mary had taken over the business from her mum some 5 years prior and still owed her some money for this purchase. Mary chose to ope...

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...

November 23, 2016

Of late, we are seeing the ATO becoming more savvy in relation to the insolvency framework and using this knowledge in their collection methods. This case study shows how the ATO have used a garnishee notice to attempt to collect the majority of funds from a business g...

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