No one expected these immortal words by Split Enz to be so relevant during the COVID-19 pandemic. However, that is exactly how some directors may be left feeling regarding the requirements to qualify for protection from trading while insolvent under the COVID-19 Safe Harbour provisions. NAVIGATING COVID-19 When COVID-19 hit Australia, it created a crisis […]
Experts with Impact in going concern business sales
On 19 March 2018 Kelly Trenfield and John Park were appointed replacement Voluntary Administrators of Crusaders Managers Pty Ltd at the first meeting of creditors. Our appointment was supported by the major secured lender. The company, as trustee of the Crusaders Trust, traded a chain of Snap Fitness gyms located in Queensland and the Northern […]
In boom and bust, we must retain trust
Why is stakeholder trust almost always compromised when a company enters voluntary administration or liquidation?
Insolvency Insights: May external administrations see biggest jump in insolvencies in 2017
Insolvencies kept at bay year-on-year due to business restructuring and rehabilitation practices
The Trusted Advisor
Do your clients ever ask you about; alternatives to alleviate distress in their businesses? How to deal with creditors pressing for payment? How to keep financiers, the ATO and key stakeholders happy?