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Fact Sheets

download Deed of Company Arrangement
A DCA is a binding agreement between the company, creditors (generally excludes secured creditors), the deed administrator and the company's shareholders.
download Liquidation
Liquidation is a form of external administration whereby the assets of the company are realised and the proceeds distributed in accordance with the Corporations Act, 2001 ("the Act") and company's constitution. Ultimately the company is deregistered.
download Personal Insolvency
Personal insolvency arises when an individual cannot pay their debts as and when they fall due. There are a number of ways of dealing with the issue, inclusive of Bankruptcy, or coming to an agreement with your creditors under the formal protection of the Bankruptcy Act. The enclosed sheet discusses the various options in relation to dealing with unmanageable personal debt.
download Property Services
download Receivers
A Receivership is a form of external administration whereby a creditor that is the holder of security (eg a registered fixed and floating charge) seeks to enforce their security. The secured creditor may appoint a Receiver who proceeds to realise property subject to the security for the benefit of the secured creditor.
download Safe Harbour
download Voluntary Administration
Most commonly, a company may by writing appoint an administrator if the Board has resolved that in the opinion of the directors the company is insolvent or likely to become insolvent and an administrator should be appointed. This process is quick, easy and relatively cheap to undertake. There is no need to involve the Courts.


News & Updates

Director Identification Number Regime Now in Place Read all
Severe Consequences for Shady Pre-Insolvency Advice Read all
ATO - Change in Debt Collection Approach - Directors Beware! Read all
Director Resignation Changes Read all
Small Business Restructuring Reform Read all
Alert to Advisors - Potential Personal Liability Read all
Covid-19 Safe Harbour Protection for Directors Read all
The Dangers of Lending to Loved Ones Read all
Impending Changes to the DPN and PPSR Update Read all
Recent criminal changes to the Director Penalty Notice Regime Read all
Gaol Time for Delinquent Company Directors / PPSR Update Read all
When is a Guarantee Not a Guarantee? Read all
Illegal Phoenix Operations & Determining Right to Income Read all
New & Proposed Legislative Changes Read all
Voidable Property Transfer & Director Liability Read all
Welcome to New Partner and Reforms to Insolvency Law Read all
ASIC Statistics and Enforcement Read all
Government Targets Foreign Investors with New Tax Legislation Read all
Dodgy Advisers – Watch Out! Read all
Steering the Ship onto Rocks: Directors Flouting Obligations Read all
From the Mining Boom to the Ideas Boom - What it All Means Read all
When is a Debt to the ATO Due and Payable Read all
ATO and Phoenix Activity Read all
Unreasonable Director-related Transactions & PPSA Update Read all
PPS and ASIC Prosecution Read all
Leases and Insolvency Read all
PPS Update Read all
Expansion of Director Liability Provisions (PAYG & SGC) Now Law Read all
Proposed Changes to Corporations Act (Phoenix Activity) and Taxation Act (Director Penalty) Read all
March 2012 PPSA Newsletter Practical Worked Examples Read all
Personal Property Securities Act ("PPSA") Now Law Read all
PPS Reform - Understanding Security Interests: Perfection and Priorities Read all
Tax Changes - Expansion of Director Liability Provisions Read all
Australian Taxation Office - Statutory Garnishee Notices Read all
Major Change to Registering Security Interests – Personal Property Securities Reform Read all
PDF 8 Essential Steps if Your Business is in Distress View
PDF ASIC Information Sheet: Insolvency glossary View
PDF Business for Sale View
PDF Directors Duties in Uncertain Financial Times View
PDF Guidance for Accountants in Public Practice: Helping Clients with Companies in Financial Distress View
PDF Real Estate for Sale - Mascot View
PDF Real Estate for Sale - Vineyard View
PDF Solar Energy Business View

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