When Business Debt Becomes Personal
How business failure can create personal consequences through guarantees, DPNs, director loans and bankruptcy issues.
How business failure can create personal consequences through guarantees, DPNs, director loans and bankruptcy issues.
Why trust restructuring for tax reasons should also consider bankruptcy and asset protection risk.
Why a retention of title clause may not protect a supplier if the PPSR registration is missing or defective.
Questions directors and advisers should ask at 30 June when assessing solvency, budgets, ATO debt, working capital and restructuring options.
What public examinations are and why they may be used when records or information are not provided to a liquidator.
Why directors should consider whether short-term finance fixes a cash flow problem or simply delays insolvency risk.