What Is A Deed Of Company Arrangement?
A Deed of Company Arrangement (DOCA) is a legally binding [...]
Does Voluntary Administration Mean The Business Has Failed?
No. It is a legal mechanism to assess viability and [...]
When Should A Director Seek Specialist Advice?
As soon as solvency becomes uncertain. Advice sought early expands [...]
Can A Profitable Business Still Be Insolvent?
Yes. Profitability does not guarantee liquidity. Insolvency is assessed on [...]
Is Being Behind On Tax Enough To Be Insolvent?
Not on its own. However, persistent unpaid tax without a [...]
If My Business Is Insolvent, Should I Stop Trading Immediately?
Not always. Trading may continue briefly if there is a [...]
Does Safe Harbour Automatically Protect Directors?
No. Safe Harbour requires ongoing compliance with tax lodgements, employee [...]
Can A Director Go To Jail For Trading While Insolvent In Australia?
Criminal sanctions are rare and usually involve dishonesty or egregious [...]
How Do I Know If My Company Is Trading While Insolvent?
If your business cannot pay debts as they fall due [...]
