Our blog
Illuminating the path to prosperity
Stay up to date on small business restructure, voluntary administration and liquidation.
Looking for advice on your business financial health? Contact a member of our team today.
- All (96)
- Business Restructuring (8)
- Case Study (2)
- Corporate Advisory (2)
- Creditors' Voluntary Liquidation (2)
- Director Penalty Notices (19)
- Garnishee (11)
- Insolvency (12)
- Opinion (1)
- Voluntary Administration (47)
Can ATO Empty or Freeze Your Bank Account?
No. The ATO generally cannot freeze or empty your bank account like a court or law enforcement order...
ATO vs Revenue NSW Garnishee Notices: What’s the Difference?
ATO and Revenue NSW garnishee notices both redirect money from third parties, but they apply to diff...
What Is Small Business Restructuring? Eligibility, Risks, Timelines
Small Business Restructuring (SBR) is a formal insolvency process that allows eligible small compani...
Small Business Restructuring vs Simplified Debt Liquidation
SBR is designed to help a viable company restructure debts and continue trading while directors stay...
Small Business Restructuring vs Safe Harbour
SBR is a formal insolvency process that helps eligible companies compromise debts while continuing t...
Small Business Restructuring vs Liquidation
Small Business Restructuring aims to save a viable company by allowing it to keep trading while prop...
Small Business Restructuring vs DOCA
Small Business Restructuring is a simpler process for eligible small companies, where directors usua...
Small Business Restructuring vs ATO Payment Plan: Which Is Better for Tax Debt?
Both Small Business Restructuring and an ATO payment plan offer a path forward for businesses strugg...
Priority for Employee Entitlements in Voluntary Administration
Employee entitlement ‘priority’ refers to the order in which certain employee claims are paid du...
Voluntary Administration and PPSR: A Guide
The Personal Property Securities Register (PPSR) is a national register used to record security inte...
Can a DOCA Be Changed, Terminated or Challenged?
Yes, a Deed of Company Arrangement (DOCA) can be varied, terminated or challenged after approval. Cr...
Ipso Facto Clauses and Voluntary Administration
An ipso facto clause is a contractual provision allowing one party to terminate or enforce rights be...
Voluntary Administration vs Small Business Restructuring: Which Is Better for Your Company?
Voluntary administration (VA) and small business restructuring (SBR) are both formal insolvency proc...
Understanding Fair Entitlements Guarantee (FEG): For Directors and Employees
The Fair Entitlements Guarantee (FEG) is a government safety net that helps eligible employees recov...
Can Voluntary Administration Stop a DPN?
Voluntary administration may help remit liability for certain non-lockdown Director Penalty Notices ...
Secured Creditors and Voluntary Administration: A Guide for Directors
Secured creditors hold security over company assets, such as banks, equipment financiers and asset-b...
Can a Company Keep Trading During Voluntary Administration?
Yes, a company can continue trading during voluntary administration if administrators believe doing ...
What Happens to a Commercial Lease During Voluntary Administration?
A commercial lease does not automatically terminate when a company enters voluntary administration. ...
What Happens to Personal Guarantees in Voluntary Administration?
Voluntary administration does not automatically remove personal guarantees signed by directors. Whil...
Can You Appoint a Voluntary Administrator After a Statutory Demand or Winding-up Application?
Yes, a company can often appoint a voluntary administrator after receiving a statutory demand or win...
What Happens when Director Penalty Notices Are Issued?
If you receive a Director Penalty Notice (DPN) first check what type it is. For a non-lockdown DPN, ...
Statutory Demand vs Director Penalty Notices
A Statutory Demand is issued by a creditor to recover unpaid company debts and may lead to liquidati...
Selling a Business in Voluntary Administration: How It Works
A business is sold during voluntary administration when administrators believe a sale will provide a...
Garnishee Notices vs Director Penalty Notices
A garnishee notice allows the ATO to recover unpaid tax debts directly from business bank accounts o...
How Does the ATO Recover Penalties?
The ATO recovers unpaid tax debts and penalties by escalating enforcement action. This may include r...
Can a Director Penalty Notice Be Issued After Liquidation?
Yes, a Director Penalty Notice (DPN) can still be issued after liquidation if unpaid PAYG, GST, or s...
Are New Directors Responsible for Penalties Issued Before Their Appointment?
Yes, new directors can become personally liable for penalties and unpaid tax debts that existed befo...
Lockdown DPN vs Non-Lockdown DPN
A non-lockdown DPN applies where the company lodged its PAYG, GST or SGC obligations on time but fai...
What Happens if ATO Refuses a Payment Plan
If the ATO refuses a payment plan, the full tax debt remains immediately payable and recovery action...
Voluntary Administration Rules — Eligibility and Risks
A company can enter voluntary administration if it is insolvent or likely to become insolvent. The p...
Voluntary Administration Steps: Guide for Directors
Directors should confirm insolvency, assess their financial position, seek early advice, and decide ...
What Happens to Unpaid Super during Voluntary Administration?
When a company enters voluntary administration, unpaid super becomes a priority debt but is not paid...
Voluntary Administration vs Creditors’ Voluntary Liquidation
Voluntary administration (VA) is a process used to assess whether a business can be restructured or ...
Voluntary Administration vs Insolvency
Insolvency is a financial condition where a company cannot pay its debts as they fall due. Voluntary...
What is a Deed of Company Agreement (DOCA)?
A Deed of Company Arrangement (DOCA) is a legally binding agreement between a company and its credit...
Why Should an Insolvent Company Enter into Voluntary Administration?
Voluntary administration is a structured process used when a company is insolvent to pause creditor ...