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Celebrity chef Justin North has been banned by ASIC from running companies for two years after the collapse of his restaurant empire in 2012. At its peak, Mr North’s company employed about 180 people at businesses including cafes, a catering business and a bakery. However, staff were left owed almost $990,000 in superannuation and creditors […]
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Last week, Supreme Court Justice Fryberg SCJ passed judgment in the matter of R v. Jarrod Kevin Anthony Brown, and in doing so expressed a number of views emphasising the importance of having an independent judiciary, and in doing criticised recent ABC media statements made by Premier Campbell Newman. His Honour determined that further proceedings […]
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The Queensland Law Society said today the government’s changes to directors’ liability laws would improve the state’s economic prospects. President Annette Bradfield said: “The Queensland Law Society has had an ongoing commitment to reform laws that affect directors’ personal liability,” Ms Bradfield said. “The amended Bill creates an appropriate regulatory regime for directors – one […]
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Nightingale Floor is an excellent charity focusing on protecting Orangutans (they share a 97% genetic similarity to Humans but their existence is under threat). Kate Miller-Heidke, Sallie Campbell and a number of gifted musicians collaborated to produce some great music (together with a music video and website). The result is fantastic, and is worth downloading […]
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Here are ten signs: Your bankers bounce a cheque or direct debit. You are constantly operating at the ceiling of your overdraft. Your trade suppliers are overdue. You receive solicitors’ warning letters, or debt recovery proceedings. A court judgement is made. Your PAYG, GST or Super is not up to date. Your tax returns and […]
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Two festivals stand out in this regard being CrossBows, and Restrung – being 3 day festivals which showcased international and national artists and musicians to Brisbane. Danielle Bentley curated both festivals, and was just Awarded the highly respected APRA Award for Excellence by an Individual in 2013 as a result of the quality of the […]
Read more of Insolvency Professionals proudly support the Arts, and proudly sponsor a number of cultural and music events in Brisbane. »
OVERVIEW ASIC figures released this week, revealed 900 companies entered external administration in Australia during June, making it the first time 900 or more companies entered external administration over five consecutive years. 974 companies entered external administration in May, which was a record for the month of May. So far in 2013, 5,321 companies have […]
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OVERVIEW ASIC figures released this week, reveal 974 companies entered external administration in Australia during May, the highest on record for the month of May since 1999. 941 companies entered external administration in April, which was a record for the month of April. The increase in voluntary administrations indicates: That trading businesses with cash flow […]
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Australia’s economic growth has slowed to the weakest annual pace in seven quarters as inventories fell, equipment and machinery investment slid and resources exploration dropped the most in nine years. The Australian Bureau of Statistics said on Wednesday that gross domestic product rose 0.6 per cent in the first quarter from the December quarter, when […]
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Make no mistake since the GFC the rate of global bankruptcy and insolvency cases has sky rocketed and during this period a new type of business has evolved a business that is not regulated a business that can be started by any person that makes claims of expertise, but be warned if you are considering […]
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When you become bankrupt you will need to understand that you will be bound to meet certain obligation under the bankruptcy act. Change of name or address You are required to notify your trustee of all changes of name and/or address. Overseas travel If you wish to travel overseas you must obtain the written permission […]
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Did you know that you can have your Bankruptcy Annulled? Annulment by s.73 composition or arrangement. Compositions and arrangements are offers made by bankrupts through their trustees to finalise their debts under bankruptcy. The creditors vote on whether or not to accept such offers. An offer: may involve assets already in the bankruptcy may include […]
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Insolvency Professionals are dedicated to providing real insolvency help and bankruptcy advice for their clients. No smoke and mirrors that you may experience when talking with other insolvency firms. If you need insolvency help you are not alone with many people facing financial hardship currently it makes good sense to get real bankruptcy advice. Going […]
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Insolvency Professionals your team of professional personal and business insolvency experts. Insolvency Professionals are dedicated to helping businesses and individuals to recover from mounting debt related issues and financial crisis by eliminating solvency issues. If you are trying to deal with debt, liquidation, bankruptcy or financial problems then we can help you regain control. Insolvency Professionals are known […]
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We all know Brisbane business owners have suffered so much over the past years, first droughts then massive floods and on top of all this they have to deal with the massive rise in the cost of living and business expenses including fuel, electricity, taxes etc. Do you have a Brisbane business or do you […]
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So What is a Part IX debt agreement? A Part IX debt agreement is a legally binding agreement between a debtor and their creditors. A Part IX Debt agreement is a flexible alternative to bankruptcy. Who can enter into a Part IX Debt Agreement? The Part IX debt agreement system is only to be used […]
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Do you have bad Credit Card Debt? We can help you eliminate it. Here’s why the banks and credit card companies keep extending you lines of credit, it is down right criminal. The Dirty Filthy Facts On Credit Cards Revealed; Did you know A credit card debt of $10,000 at 18.5% pa will take 62 […]
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Where do you turn when the stress of dealing with financial stress becomes more than you can deal with? Many Australians are faced with crippling credit card debts, business debt and insolvency related issues caused by the ATO who are wanting to clean up all their outstanding taxation debts. Make no mistake declaring bankruptcy can […]
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Brisbane has gone through some really hard times over the past few years especially with major floods back in January 2000 when a total of 33,701 properties in the capital were engulfed by the raging waters.Businesses and industries were devestated and destroyed and many business owners found themselves falling on harder financial times. If this sounds […]
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The Gold Coast known for its glitz and glamour plays host to a wide range of businesses and industries. However in recent times many have fallen on harder financial times as a result of the Global Financial Crisis fall out. If this sounds like your situation and you are struggling to meet your bills and […]
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