When a company goes into liquidation, one of the first questions creditors ask is a simple one: will I get paid? The honest answer is that it depends, and it depends largely on where you sit…
Service of Bankruptcy Notice: A Guide for Creditors and Debtors
Whether you are a creditor seeking to enforce a debt or a debtor who has just been served with a Bankruptcy Notice, understanding the strict procedural rules of the Bankruptcy Act 1966 (Cth) is critical. A…
Why Acting Quickly Matters for the Debt Recovery Process
Unpaid debts are a reality faced by many individuals and businesses. Whether it’s an overdue invoice, an unpaid loan, or an outstanding account, the debt recovery process can be stressful, time-consuming, and disruptive. While it may…
Director Penalty Notices (DPN’s) and NILA: What Queensland Directors Need to Know
Company Directors have significant obligations and responsibilities required on them under Queensland law. Part of these responsibilities is ensuring that the company’s goods and services tax (GST), withholding tax and superannuation guarantee charges are paid correctly…
Setting Aside Statutory Demands – Protecting Your Business from Winding Up Proceedings
For many businesses, receiving a creditor’s statutory demand for payment of debt can be alarming. A statutory demand is not just another bill—it is a powerful legal document that can have serious consequences if ignored. If…