Understanding Corporate Insolvency: A Primer for Australian Business Owners 

A team of four business people is standing in front a desk in a bright office room. They ambitiously point at documents while smiling and looking at the charts and notes.

Facing corporate insolvency is a reality many Australian business owners might confront. It’s essential to grasp what corporate insolvency is, its process, and its potential impact. This fundamental knowledge helps you avoid financial pitfalls and manage challenges effectively if encountered. In this article, we empower you with the insights needed and assist you in navigating… Continue reading Understanding Corporate Insolvency: A Primer for Australian Business Owners 

Voluntary Administration: A Strategic Move for Australian Businesses in Crisis

In challenging times, Australian businesses may face financial difficulties that seem insurmountable. One viable option to consider during such periods is Voluntary Administration. This process can give your business the breathing space to reorganise or restructure, offering a path back to viability or a more dignified approach to closing down. In this article, we explore… Continue reading Voluntary Administration: A Strategic Move for Australian Businesses in Crisis

Understanding Insolvency: A Comprehensive Guide for Navigating Financial Distress 

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 

Richard Lawrence

As a Director at Mackay Goodwin, Richard Lawrence brings 15 years of experience in insolvency, restructuring, and business advisory to lead significant projects within the firm. Richard is an ASIC Registered Liquidator and a member of the Chartered Accountants Australia & New Zealand. Additionally, he’s a professional member of the Australian Restructuring Insolvency & Turnaround… Continue reading Richard Lawrence

Avoid insolvency: Risk factors and preventative measures

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.