Back to Basics: Insolvency Agreements

In Australia, informal agreements, debt agreements, and personal insolvency agreements are all alternative options to bankruptcy for individuals facing financial difficulties. However, each one operates differently, and has different benefits. Informal agreements are private arrangements between an individual and their creditors to repay debts. They are not legally binding, and there is no protection from creditors. […]

Deregistering Your Company: A Warning for Directors

Before considering making an application to voluntarily deregister your company, you need to ensure that your ATO obligations have been dealt with. You may have a company that serves no useful purpose and you want to get rid of it and avoid the ongoing ASIC fees. A company is able to be deregistered pursuant to Section […]