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No one ever said starting a business was easy. There are many things to consider before you start  - research, test and discover.But when you add the fear of failure to the picture, it’s no surprise that many aspiring small business owners never get their businesses off the ground. And a further 50% fail within the first 12 months of commencing.  Read More
When The Fun Catches Up - 18 August 2017
Sometimes in life, it is wonderful to be foot loose and fancy-free and like everything we do, there are consequences to pay. I’m not trying to be the fun police here but just think about things for a moment. When you leave school or graduate from university, you have a trillion things you have been dying to buy for... Read More
The Lessons From Failure - 04 August 2017
Failure can often be the turning point to eventual success. The accomplished ones are those that learn from these mistakes and acknowledge the lesson within.   Richard Branson from the Virgin Group is among those... Read More
Most creditors would be very concerned by the appointment of an insolvency practitioner and it usually means their hard work is coming to a sad end.  We wanted to clarify the definition between voluntary administrations, liquidation, receivership.  Receivership Read More
A Step Towards Success - 06 July 2017
Each financial year, more than 10,000 Australians enter into a Part 9 Debt Agreement to avoid bankruptcy and get out of debt.  Debt stress can impact on all areas of a person’s life, causing problems in relationships both at work and home.  To break free from that state of hopelessness, and getting your life back on... Read More
I want my money! - 20 June 2017
Can I bankrupt a debtor to get my money back?  One of the most tiring processes of running a business is chasing your money.  If all other avenues have been ignored in the chase to collect your debt, then you may have little option but to declare an individual (not a company) with a debt over $5,000 – bankrupt. But is it really worth it? Is there any other option?  Read More
Director's Liability - 06 June 2017
There are many pieces of legislation in Australia where a director has some degree of personal liability. The past decades have seen an increase in the prevalence of such legislation affecting directors’ liability.   Problems for company directors usually fall into a handful of liability traps such as personal guarantees, director penalty notices (DPNs), indemnity provisions to the Australian Taxation Office (ATO), insolvent trading, director loan accounts and the blurring of lines between a director’s and... Read More

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