Professional Insolvency Services in Brisbane City | Bankruptcy lawyer

Professional Insolvency Services

Locality: Brisbane City

Phone: +61 1300 708 012

Address: 15/270 Adelaide Street 4000 Brisbane City, QLD, Australia

Website: http://professionalinsolvencyservices.com.au/contact

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• Financial service
• Corporate lawyer
• Bankruptcy lawyer

18.01.2022 http://professionalinsolvencyservices.com.au/fair-entitlem/

16.01.2022 Preference payments in liquidation Imagine finding out that one of your clients is going into liquidation, and then discovering that accepting a previous payment put you in the cross hairs of other creditors! Sounds like an 'out of the frying pan and into the fire’ situation. What exactly are preference payments, what happens when the debtor goes into liquidation, and how can you protect yourself and your business? [ 651 more words ] http://professionalinsolvencyservices.com/preference-payme/

16.01.2022 While insolvency may be an unavoidable end-of-the-road destination for many businesses, there are multiple options to be considered prior to pushing the final button. As a business owner, you have a fiduciary duty to ensure that you have taken every step to prevent the liquidation of your firm, so it's best to know what options you have. You should only be in this situation where you are considering insolvency if you have business debts you cannot pay, that the business if continued would be trading illegally or if you (or shareholders) no longer wish to run a business. [ 433 more words ] http://professionalinsolvencyservices.com/pre-insolvency-a/

13.01.2022 Business Restructuring, Recovery and Continuity The COVID-19 crisis has proven to business owners that even the most rock-solid industry is not immune to economic impacts. What are the steps that you need to take as a business owner to ensure that you’re prepared for the worst-case scenario? Understand options and current market conditions Before generals marshal the troops, they gather intelligence. [ 521 more words ] http://professionalinsolvencyservices.com/business-restruc/

13.01.2022 http://professionalinsolvencyservices.com.au/uncommercial-/

11.01.2022 http://professionalinsolvencyservices.com.au/voluntary-liq/

10.01.2022 Companies faced with corporate insolvency and insolvent company directors, as recently seen looming in the North Queensland mining industry, such as Cairns and Rockhampton amongst others. Companies like these set the scene for once-multimillion dollar business projects crashing down in debt with no real prospect of paying its creditors. When the dust has settled and payment is sought, it is likely that many heads will turn and point the finger at the company’s directors. [ 600 more words. ] http://professionalinsolvencyservices.com.au/insolvent-com/

09.01.2022 Some very prominent and well recognised mining industry and insolvency professionals have stated, "2015 is set to be a tough year for the mining industry. The creation of the Mackay Port cargo facility will see the region heavily involved with the industry as it becomes the first point of contact for mining machinery and equipment. With these changes ahead mining companies need to be wary of insolvent practices and proceedings [ 510 more words. ] http://professionalinsolvencyservices.com.au/mining-indust/

07.01.2022 http://professionalinsolvencyservices.com.au/business-rest/

06.01.2022 In a perfect world, you would not ever need to file a creditor’s petition when owed a significant outstanding debt. Alas, we don’t live in a dream landscape of win-win deals and payments delivered before they’re due. This step in the recovery process is severe and will not only return owed funds to you but bankrupt your debtor. What exactly is this petition and, what are the requirements before you can submit it to the Court? [ 624 more words ] http://professionalinsolvencyservices.com/personal-insolve/

06.01.2022 The voluntary administration process can be a vital asset to corporate insolvency as it aids companies to satisfy their debts. This is usually achieved through a Deed of Company Arrangement ("DOCA") or by entering liquidation. Part X of the Bankruptcy Act can also provide a solution to insolvency. DOCA - Voluntary Administration Process A DOCA is a formal arrangement made during the voluntary administration process between a company and its creditors which outlines how the affairs of the company will be handled. [ 315 more words. ] http://professionalinsolvencyservices.com.au/voluntary-adm/