Navigating the complex world of insolvency can be intimidating, especially when financial distress looms large. Yet, understanding insolvency and its various aspects is essential for individuals and businesses to effectively address their financial challenges. This comprehensive guide will provide valuable insights into insolvency, its types, legal frameworks, and strategies to prevent and overcome it. So,… Continue reading Understanding Insolvency: A Comprehensive Guide for Navigating Financial Distress
The business landscape, particularly in Australia, is experiencing a significant rise in personal insolvencies, affecting many entrepreneurs whose personal finances are intertwined with their business ventures. The latest snapshot by the Australian Financial Security Authority (AFSA) revealed 901 new personal insolvencies recorded in June, with a quarter being business-related. In some earlier statistics for March… Continue reading Navigating the rising tide of business-related Personal Insolvencies: A Call to Action
As part of the Weel CFO Summit for 2023, Domenic Calabretta, Mitchell Ball and Kate McMahon discuss the key risk factors that contribute to insolvency and provide practical prevention strategies. Sharing their experiences and knowledge to help your business reduce its likelihood of entering into administration.
Perhaps you have clicked on this story because you find yourself owing money and facing debts that you’re unable to pay. Maybe you are looking for solutions or wondering whether bankruptcy is the thing for you, but you aren’t quite sure you fit the definition. Our guide aims to break down the bankruptcy process and… Continue reading Your Guide to Australian Bankruptcy in 2024
Businesses are launched with the best intentions, but even the most astute plans can be undone by changes in the business environment or competitive landscape, consumer tastes, rising costs, or …