Frequently asked questions about insolvency

 

Facing financial difficulties is stressful and emotional. We answered to some frequently asked questions about insolvency!

What is Phoenixing?

When it comes to pre-insolvency, there is often a misconception regarding business restructures or phoenix transactions.

What is Phoenixing >>

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Bankruptcy notices

Receiving a bankruptcy notice is stressfull! 

What are bankruptcy notices >>

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When to use Debtor Finance?

Debtor finance can be a very flexible form of funding. As the business grows, its debtors increase and it issues more invoices. The finance facility can grow in line with the growth of the business.

What is debtor financing >>

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Director's Penalty Notice

Or DPN for short. If a company does not meet its PAYG withholding, goods and services tax (GST) or SGC obligations, the director may become personally liable for the company debt.

What is a Director's Penalty Notice >>

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