Australian Debt Solvers in Sydney, Australia | Financial service

Australian Debt Solvers

Locality: Sydney, Australia

Phone: +61 1300 789 499

Address: Level 2, 10 Bridge Street 2000 Sydney, NSW, Australia

Website: http://www.australiandebtsolvers.com.au/

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20.01.2022 In a voluntary administration, who does the administrator represent? The company’s directors? Or the creditors? As voluntary administrators, while we work with the creditors to ensure they are paid, we are there to protect the company’s directors from legal risks and to give your business a clear direction for the future.

19.01.2022 Are you considering winding up your business, liquidating assets or entering administration? First, you need to know the different types of liquidation and how much they will cost you.

18.01.2022 Voluntary administration is executed over a series of steps, beginning with the decision to enter into voluntary administration, proceeding with the appointment of an administrator who investigates the status of the organisation and culminating in creditors meeting to decide future courses of action. Let’s look at these processes in detail.

14.01.2022 Every business goes through good and bad spells, and sometimes the bad spells can result in actions such as voluntary administration, the selling of the business, or even total liquidation of the company. These 10 well known Australian brands entered voluntary administration in 2017. Find out why, and what they are doing to salvage what’s left.

11.01.2022 When you are dealing with business debts, your stress level may become hard to manage. But what can you do about it? We’ve put together some suggestions for how you can manage business debt to reduce your stress levels. You can read about them in our article https://bit.ly/2zy1dq1

09.01.2022 With the changes in legislation, Safe Harbour ensures that the directors are discharged of their personal liabilities in trading, provided the company undertakes measures that are legitimately directed towards restructuring outside of insolvency. Despite the positivity brought about by Safe Harbour for directors, it should be clear that it is not a walk in the park to claim Safe Harbour. Read on to see how Directors qualify for Safe Harbour.

08.01.2022 There are many ways a business could turn their downward trajectory around, with a key option being business restructure. But when is a business restructure appropriate? And what should you consider? Read on to find out.

08.01.2022 What many people don’t know about being a franchisee is that yes, there is an established brand and business model you are getting, but so much of your earnings will go back to the franchisor that even a successful franchise may not make much net profit at the end of the day. And with the Australian economy where it is, more businesses than ever before are struggling with making a franchise business work. We've broken down a few of the key issues that franchise owners today are facing, and you can read all about it in our article here -> https://bit.ly/2GUkicW

06.01.2022 VOLUNTARY ADMINISTRATION CASE STUDY An 85% reduction in debt gets a company through a major trading and cash flow problem. Australian Debt Solvers resolved 85% of over a $2M debt owed by a security company in Brisbane, Australia. ... Today the security company is continuing to trade and in fact exceeding all expectations, so much so that the company’s management are now planning for future expansion. Read about how we achieved this astounding result through Voluntary Administration in our case study.

06.01.2022 Did you know there are instances when company directors may be personally liable for the company’s outstanding tax debt? Here, we outline what usually happens to tax debt in the event of liquidation, and the circumstances under which tax debt can be recovered from company directors by the ATO.

02.01.2022 It’s not unusual for company directors to fall into the trap of insolvent trading in an attempt to save their company from liquidation. And while this practice is illegal, in recent years new legislation has been introduced to protect company directors who are trying to turn their business around. This legislation is called ‘Safe Harbour’. If you’re a company director, you’ll probably want to know as much as possible about the Safe Harbour provisions and how they could protect you, even if you’re not yet in strife.

01.01.2022 As you can imagine, financially struggling businesses often have difficulty paying creditors, and receiving a business debt collection letter can be one of the first signs things are getting serious for your company. If your business is receiving final-warning letters and letters of demand, what should you do? In our latest article, we explain what business debt collection letters are, and offer suggestions on how to best respond to them. Read on...