by Collab Agency | 31 Mar 2023 | General
‘Am I personally insolvent?’ This is a question you may need to ask yourself when facing financial hardship. It’s a fair question too, given the definition of personal insolvency isn’t as clear cut as you might expect. Before you can begin answering the more complex...
by Collab Agency | 31 Mar 2023 | General
Setting out clear and relevant terms and conditions — and keeping them up to date — is crucial to protecting your business while minimising your personal risks as the director of your company. Let’s take a look at why terms and conditions are so important, and what...
by Collab Agency | 25 Aug 2021 | General
The concept of winding up a company when it is insolvent is well-documented and well understood by most companies and directors in Australia, however there are other routes that companies should be aware of where a liquidation may not be appropriate. Most notably, the...
by Collab Agency | 25 Aug 2021 | General
Earlier this year the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (‘the Act’) came into effect aimed at thwarting directors from engaging in illegal phoenixing activity through amendment of the Corporations Act 2001. Here is what you need to know...
by Collab Agency | 27 May 2019 | General
Australia’s insolvency laws have long discouraged responsible restructuring by company directors. When balancing the potentially significant personal liability in breaching the director’s duty to prevent insolvent trading against the company’s risks in trading its way...
