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.
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.
Director 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.
