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Insolvencies in Australia: a tale of two COVIDs

Insolvency & Reconstruction| 26 Jul 2021

Insolvencies in Australia: a tale of two COVIDs

When COVID-19 hit Australia in 2020, there were widespread fears about the economic impact of the health crisis, with a predicted avalanche of insolvencies.

Newsflash: threshold for statutory demands raised

Litigation & Dispute Resolution| 01 Jul 2021

Newsflash: threshold for statutory demands raised

In another move to protect small business owners, the Federal Government has permanently raised the minimum debt required to serve a statutory demand from $2,000 to $4,000, effective 1 July 2021.

Illegal phoenix activity

Turnaround & Corporate Renewal| 17 Mar 2021

Illegal phoenix activity

In the last of our series of articles on the avenues for small to medium businesses to deal with their overdue tax debts, we look at illegal phoenix activity.

ATO statutory demands, winding up applications and garnishee notices

Turnaround & Corporate Renewal| 10 Mar 2021

ATO statutory demands, winding up applications and garnishee notices

In the fifth of our articles on dealing with the ATO about tax debts, we look at the ATO’s use of statutory demands, winding up applications and garnishee notices to recover company tax debts.

ATO payment arrangements

Turnaround & Corporate Renewal| 03 Mar 2021

ATO payment arrangements

In the fourth of our articles on dealing with the ATO about tax debts, we discuss entering into payment arrangements with the ATO.