Dodging A Curveball In Bankruptcy!
Life is unpredictable, and the quirks of the Bankruptcy Act can lead to some difficult circumstances for any individual. If careful asset...
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de Jonge Read
- Feb 23
- 3 min
DOCA - A Powerful Tool In Litigation
2022 was a year in which we at de Jonge Read saw an increasing number of successful uses of Deeds of Company Arrangement (DOCAs) - In...
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de Jonge Read
- Nov 20, 2022
- 5 min
From Distress To Success - A Small Business Debt Restructure
This month we are going to look at the Small Business Restructuring (SBR) process by reviewing a case study of a recent client. A SBR is...
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de Jonge Read
- Oct 13, 2022
- 5 min
Trust a Creditors' Trust
This month we will discuss the use of creditors' trusts and how they can be used by individuals who need to avoid the usual restrictions...
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de Jonge Read
- Aug 11, 2022
- 5 min
Bankruptcy is a new beginning, not an end
This month we are going to look at the consequence of a business failure on a company director. Directors can be held liable for the...
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de Jonge Read
- Jul 8, 2022
- 5 min
The Current State of Play with the ATO
In April 2022 the ATO sent around 50,000 warning letters to company directors about their potential personal liability under a Director’s...
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de Jonge Read
- Jun 9, 2022
- 4 min
The Dangers of Payroll Tax Grouping
This month we will look at Payroll Tax and the ability of the relevant Offices of State Revenue to deem a business to be part of a group....
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de Jonge Read
- Mar 17, 2022
- 4 min
The ripple effects of the Probuild collapse
Major corporate collapses like Probuild usually have significant downstream impacts. For example, a business that services and maintains equ
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de Jonge Read
- Feb 16, 2022
- 4 min
Hello, it's the ATO here
In this month’s case study we look at a situation that we are starting to see more often and we believe is very topical in the current...
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de Jonge Read
- Nov 16, 2021
- 4 min
To Litigate Or Not To Litigate
This month’s case study looks at a very successful business operating in the marine sector that faced an unexpected legal dispute
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de Jonge Read
- Sep 9, 2021
- 4 min
I'm in trouble, what's my plan B?
We will look at a client that needs a Plan B, or maybe even a Plan C. Even if you think everything will be fine, it's good to have a back-up
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de Jonge Read
- Aug 11, 2021
- 3 min
In business, you need a significant other. A sign-if-i-cant other.
Company directors are constantly exposed to risk and can be held personally liable for company debts in a number of ways. This can...
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de Jonge Read
- Jul 12, 2021
- 4 min
How Voluntary is a Creditors' Voluntary Liquidation?
Many creditors avoid forcing a company into liquidation. They prefer the shareholders put the company into liquidation voluntarily. Why?
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de Jonge Read
- Jun 10, 2021
- 4 min
Rising Home Value Can Lead To an Unexpected Claim
In this month’s case study, we look at the case of Kim who got a really nasty surprise from a trustee in bankruptcy. Kim’s husband,...
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de Jonge Read
- May 12, 2021
- 4 min
Creditors' Voluntary Liquidation - How about the personal side?
In this month’s case study, we look at the case of Jeff whose business suffered severe cashflow problems during the covid pandemic. This...
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de Jonge Read
- Apr 8, 2021
- 4 min
Garnished with a Garnishee
In this month’s case study, we will look at the disastrous effect on our client of buying the shares in a company rather than the...
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de Jonge Read
- Mar 10, 2021
- 6 min
The Cost of Buying Time
His passion for business resulted in him putting a series of “band-aids” over his problems rather than dealing with some underlying issues.
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de Jonge Read
- Feb 11, 2021
- 4 min
Debt Restructure or Business Restructure?
In this month’s case study we look at our client, Darren, the director of a scaffolding company. The business had accrued a significant...
106 views0 comments
de Jonge Read
- Nov 13, 2020
- 5 min
In the Post Covid Economy is it Time to Rebuild or Move on?
As Government relief measures end businesses will face different choices. For some, this may mean a growth strategy, as competitors may...
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de Jonge Read
- Sep 16, 2020
- 3 min
Oops, I've been Grouped
Audit coming up? This article looks at Payroll Tax and the ability of the Office of State Revue to deem business part of a group.
110 views0 comments
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