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Phil Hamenko
- Apr 18, 2019
- 5 min
Okay, I put the company into liquidation – now what?
This month’s case study looks at a recent situation where the director had already put the company into liquidation on his former accountant’s advice prior to talking to de Jonge Read. The client engaged a new accountant for a new venture he was considering. When the new accountant heard what had happened, he contacted de Jonge Read and arranged a meeting to review the client’s position with the liquidation. BACKGROUND Our client ran a building company focusing on top-end res
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de Jonge Read
- Jan 31, 2018
- 4 min
Speaking Bank Delivers Exit To Fractured Lending Relationship
The major banks have invested millions of dollars in marketing campaigns and business models centered around a relationship banking platform. The concept behind structuring a banking business in this manner is simple, a bank can increase their share of wallet by providing more financial services to their client base whilst the client receives a manager who will understand their business and provide efficient turnaround on finance applications. This model works well when the s
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de Jonge Read
- Oct 8, 2017
- 2 min
Not All Insolvency Advice is the Same
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 company directors and individuals blindly appointing the IP without fully understanding the ramifications to them personally from such an appointment. As a potential client is paying to use the services of a Liqu
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Matt Flowers
- Jun 29, 2017
- 3 min
It's never too late to get help - saving the family home
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 in dealing with issues that were subsequently faced by our client.
BACKGROUND
Earlier this year we were approached by a client who previously operated a retail outlet as a sole trader.
Due to insurmount
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