What is a prohibited name?
“My company is failing but there remains a viable core business that I want to save.” At PBC we are hearing this scenario on an increasingly regular basis There are
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Former liquidator imprisoned
Many readers may take some pleasure at reading the headline, which relates to an Australian Insolvency Practitioner (“IP”) who was found guilty of extracting over AUS$2.5 million from insolvency estates.
Can you pay in 12 months?
Are you looking to retire, close your company down and extract the surplus funds as a dividend against your shares? This is where tax planning and a formal winding up
Personal Guarantees – Did you take advice before signing?
Being a director of a limited company means a director is not liable for the company debt. Well, that is the theory anyway. All too often at PBC we advise
Insolvency as a job – It can be a thankless task.
Everyone wants a pop at someone and that someone ends up being us at times. We’ve had creditors turn up with big burly men and threatening behaviour, verbal and written
Settling a Director Loan Account – A potential tax exposure?
It has become an increasing situation to discover adverse director loan accounts (”DLA”) showing on the balance sheet of companies that are in financial difficulties. All too often a director