Contact Us

    Why should I bother with Corporate Advisory and Restructuring?

    By Andrea Harrold on Sep 5, 2019 2:00:42 PM

    When a company is first set up, usually its purpose and subsequent structure is clear. Over time, the business grows, and the company may outgrow its current structure, or in the alternative, the business may find itself in financial strife and so the structure of the company may need to be reconsidered.

    Continue Reading

    Are you playing by the new rules?

    By James Frank on Aug 20, 2019 9:14:47 AM

    James Frank recently spoke at a Sydney Hills Business lunch on how the Internet has changed the business game. The following article is a summary of what he spoke about.

    Continue Reading

    Pursuing a Debt in Bankruptcy

    By Matthew Sibley on Aug 15, 2019 11:08:53 AM

    When a person who owes you money becomes bankrupt, it may become a lot more difficult for you to recover your debt. A trustee (being a person or entity) steps in to manage the bankrupt’s affairs. The trustee works with the bankrupt individual and the bankrupt’s creditors to achieve a fair outcome for all. While the trustee will endeavour to ensure all creditors receive due payment for the amounts owing to them, creditors may have to commercially accept ‘cents in the dollar’ to ensure they receive some payment for their debt.

    Continue Reading

    What You Need to Know About Serving a Debtor

    By Matthew Sibley on Aug 12, 2019 12:33:11 PM

    If you decide to commence court proceedings to sue a debtor for an amount they owe to you, the first step is to draft and serve your originating process. ‘Originating process’ are the documents used to commence legal proceedings and to notify the defendant of the case against them. This usually takes the form of a Summons or Statement of Claim, which must be served personally on the debtor to ensure they are aware of the proceedings. The court will not hear the case until they are satisfied that the defendant is aware of the proceedings and that the documents have been personally served.

    Continue Reading

    Debt Recovery: Lawyers vs Debt Collectors

    By Matthew Sibley on Jul 31, 2019 11:04:26 AM

    Unlike wine, debts don’t improve with age. Once you have made a decision to take action to recover a debt, it is important to move quickly in deciding the means by which you will pursue repayment.

    Continue Reading

    5 Myths About Voluntary Administration

    By James Frank on Jul 31, 2019 10:48:54 AM

    Whenever we speak to clients about why their business is struggling and explore restructuring options we continually hear common myths about the Voluntary Administration (VA) process. We have detailed the 5 key myths below:

    Continue Reading

    The 4 Step Process of Voluntary Administration

    By James Frank on Jul 20, 2019 4:18:34 PM

    Voluntary Administration is a formal restructuring process contained within Part 5.3A of the Corporations Act. It has more recently become a strategic tool used by directors to protect themselves from insolvent trading breaches but also to ‘reset the business’ in times of shock.

    Continue Reading

    Why the Safe Harbour Regime is More Useful Now Than Ever

    By James Frank on Jul 11, 2019 10:58:14 AM

    On 19 September 2017 the safe harbour laws commenced which enabled directors to turn around struggling companies without exposing themselves to personal liability under Australia’s insolvent trading laws.

    Continue Reading

    In which jurisdiction should I pursue my debt?

    By Matthew Sibley on Jul 9, 2019 4:34:47 PM

    If someone owes a debt to you that they refuse to pay, you may wish to take legal action to pursue them for payment of the amount owing. If you decide to sue someone for the debt, the first question you must consider is the applicable jurisdiction. In other words, you need to ask yourself the question, ‘In which jurisdiction should I pursue my debt?’.

    Continue Reading

    How to Negotiate Debt

    By Matthew Sibley on Jun 5, 2019 11:36:21 AM

    All of us have been in a situation at one point or another where we owe someone money. Whether it’s paying someone back for dinner or obtaining a loan from a multinational financial institution, the burden of debt can be crippling for individuals and businesses alike.

    Continue Reading