What Should Directors Do First If Insolvency Is Suspected?
Directors should first establish the company’s true cash-flow position, including [...]
Does Safe Harbour Protect Against Insolvent Trading Claims?
Safe Harbour can protect directors from civil insolvent trading liability [...]
Is ATO Debt A Sign Of Insolvent Trading Risk?
ATO debt can be a strong insolvency risk indicator, especially [...]
Can A Director Be Personally Liable For Company Debts?
Yes. A director can be personally liable through insolvent trading [...]
What Is The Penalty For Insolvent Trading In Australia?
The consequences can include compensation claims, civil penalties, disqualification and [...]
Can Directors Go To Jail For Insolvent Trading?
Yes, but criminal consequences usually require dishonesty. ASIC says dishonest [...]
