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24.01.2022 What are preference payments again? And are they a bigger or smaller issue right at the moment? Most businesses supported by the COVID-19 economic stimulus are good businesses hit with a massive unexpected shock. Many will come out the other side. Some though are zombie companies propped up by short term stimulus only to fail when that stops. The threat posed by preference payments from these and other failed businesses is still just as deadly, but you can take steps to try t...o protect yourself. A handy guide here from CreditorWatch, Insolve and Thesolvers.com.au https://creditorwatch.com.au//how-to-avoid-the-preference/

21.01.2022 Just don't wait until things get too bad, or don't waste time if you want to restructure, rebuild or close down.

20.01.2022 Which movie is your business? Is it The Princess Bride, A Bridge Too Far, No Country For Old Men, Casablanca or Groundhog Day? Like any movie, a business has an ending, but how it ends will make all the difference. https://insolve.com.au/if-your-business-was-a-movie-how-do/

19.01.2022 If your business has been impacted by Coronavirus, some simple resources and blogs are available to help you to manage the current crisis and plan for a successful future. https://thesolvers.com.au/help-for-business-impacted-by-co/

19.01.2022 Some new options for businesses in a bit of trouble that owe less than $1 million. A fair few of those! What do the industry professionals think about the new system? Find our, it begins December 31 and we understand kicks off for eligible businesses March 31. I's new... https://youtu.be/3f0dy4PIl0A

18.01.2022 In the end, when they’ve had enough, some small business owners shut the doors, walk away, and just don’t open the mail. They wait for ASIC to deregister the company, and creditors to lose interest. Bill reminds Directors that they can be personally liable for unpaid GST after April 1. Not just PAYG and SGC. You can’t just walk off into the night! https://insolve.com.au/jobkeeper-zombie-company-directors-/

17.01.2022 What to do when a busines gets into trouble due to fraud/theft or something just seems odd? Call a Forensic Accountant and Liquidator such as Melissa Lau. Here Melissa talks through the reasons she enjoys what she does.

16.01.2022 Is your business owed money? What are your options? Here are some great tips from our friends at Thesolvers.com.au.

15.01.2022 As always, business owners, the onus is on you to make some decisions. So did the government really mean for Covid Safe Harbour to finish' December 31? There a few views, but would you take a punt and hope for the best? Directors need to consider their options now. Part of the Zombie Killer clause discussion with Kristen Beadle and Ginette Muller. https://lnkd.in/g622CAp

14.01.2022 Great to have Melissa Lau join the Insolve Panel! Thanks Craig from Moonset Media for this quick grab. Craig captures a moment when we considfer a question before Melissa anserws in Malay (bahasa Malaysia). will be great to see the videos... also in English, Cantonese and Mandarin.

13.01.2022 Listen in today - coming up soon - this is an important update for business owners who have done it tough, or even those considerelig debt restructuring or Similar over the next few months. Another on the pulse webinar from CreditorWatch! Register now at https://lnkd.in/gQ3mune

13.01.2022 Are preference claims bad? What if you are the creditor who didn't get one? A 'thought bubble' floating about says to do away with them or defer them? Not so fast! It has been a long while since our last recession, so when interests push an idea in the name of a ‘solution’ to the crisis, we need to more than ever to understand why they want it and what the impact is on everyone else. The thought bubble to defer or remove preference payments might sound like a good idea - unt...il you consider what and why they are. Bill Cotter and Chris Baskerville talk through the issues in our latest Insolve Insight Discussion with James Flaherty. Learn more: https://insolve.com.au/deferring-preference-claims/

11.01.2022 Government Support has kept many businesses alive or ticking over in the last month. We say "Hats off" to all the accountants and bookkeepers who worked so hard to sort out the rules and paperwork to help business owners get access. Are we in a bit of a lull while we wait to see what happens next? Things are opening up a bit now for sure ... but Roland Robson spoke well before the crisis about not putting off getting help - to rescue a business or wind it up. Key message, act now, use the time (and the softer rules while they last) wisely!

09.01.2022 Why are you passionate about insolvency? That's what we asked Insolve Panellist and Certified Practicing Accountant, Registered Liquidator & Forensic Accounting Specialist, Melissa Lau. https://youtu.be/fOgF-gfkP84

08.01.2022 Ginette Muller of our expert panel is presenting a FREE webinar with CreditorWatch covering Safe Harbour on 8 April from 12:30pm top 1:00pm AEST. The webinar will cover: * Current market updates on Insolvency and Safe Harbour * Important circumstances and conditions to consider... * Shut down, hibernate or restructure and their impacts * Consideration of Safe Harbour and/or Voluntary Administration Registration link: https://online.creditorwatch.com.au/WBN-2020-04-15Insolvenc

08.01.2022 Is it possible to put your business into hibernation to see out the Coronavirus/COVID-19 pandemic? Maybe, but whatever you decide to do, there are three tough choices ahead and we've asked our experts for their opinion on each. https://insolve.com.au/three-stark-options-for-business-ow/

07.01.2022 Record low insolvencies is a good thing isn’t it? Our panel discusses the issue in our latest video - it is a good thing or is there a tsunami on the way? https://www.youtube.com/watch?v=zqUHsC2PqXc&feature=youtu.be

06.01.2022 How’s your Business Looking Post COVID? Our Experts Bring Some Clarity to the Big Decisions Ahead. Now is no time to gamble, but as in a game of cards, you do need to manage risks. Here are the three sharp options for business owners as we play our way back out of the crisis. https://insolve.com.au/hold-fold-or-twist/

05.01.2022 Great summary for the owner of the closed business or the struggling one. We've all walked past an empty shop or an empty office space. What do the Directors of those businesses need to keep in mind if they have shut up shop? Listen in to Bill Cotter, Bruce Pasetti and Ginette Muller. And with the new system offering an opening for struggling businesses, now more than ever it's worth getting advice. https://lnkd.in/gYenrgg

04.01.2022 Our senior #insolvency practitioners John Morgan and Ginette Muller spoke to CreditorWatch to discuss what directors need to be doing to preserve their business' value during this time. This is essential reading for all Company Directors whether you are a Pty Ltd or listed on the ASX! Read their advice in the full article > https://creditorwatch.com.au/bl/coronavirus-and-insolvency/

01.01.2022 In our latest interview, Kristen Beadle discusses an important issue: Bankruptcy and your family the right way to work together. https://youtu.be/iHMkKzR4OSs

01.01.2022 Maybe some are a bit over all the talk about Zombie Companies - but with the recent decision to extend insolvent trading protections until Christmas, they will 'live' on. Not paying bills, limping along, undercutting good businesses. Read on to survive and prosper! Read great business insights from the Insolve Panel. Thesolvers.com.au and CreditorWatch in this second Pandemic Business Playbook. https://thesolvers.com.au/the-pandemic-business-playbook-2/... #restructuring #cashflow #creditscore #credithelp