Industry Specific – Motels
Craig runs through the observations of the accommodation industry in rural locations. More information? To find out more, give us a call on 1300 023 782 or email team@cdrta.au.
What is cross collatoralisation
Nick examines what is cross collatoralisation. https://youtu.be/AJjcTyIFGCg More information? To find out more, give us a call on 1300 023 782 or email team@cdrta.au.
Liquidation – the first step
Liquidation can be an option for companies experiencing financial difficulty, and it may be the last resort for companies that need to be wound up. In Australia, liquidation applies only to companies, and there are a few types of liquidation – each with different first steps. If your company is entering liquidation or you’re considering […]
Difference between Administration, Receivership or Liquidation
If you’re a business owner or company director, you’ve probably heard of terms such as receivership, administration, and liquidation, but what exactly do they mean? These concepts refer to specific stages for companies that are close to being or are insolvent, and that have entered a period of external administration. There are significant differences between […]
Basics of a DOCA
Designed to maximise the chance of a company to continue its business, a Deed of Company Arrangement (DOCA) is a binding arrangement between the company and its creditors. Another purpose is to ensure that creditors receive a better return in the case of the company being wound up. Essentially, the DOCA helps the company avoid […]
Myth of a Liquidation
Liquidation is the winding up of your business with assets sold to pay creditors. While it’s a final option for shutting down the business, for struggling businesses this step can come as relief. However, myths still persist about liquidation. If you’re considering liquidation as an option for your business, it’s vital to debunk these so you […]
So I’m bankrupt!
Practical action steps for bouncing back Taking practical action steps is as vital as having a positive mindset. Plan for the future with a realistic budget and start rebuilding your credit history by paying your bills on time. Realise you can bounce back after bankruptcy. Whether you’re dealing with personal bankruptcy or a company insolvency, […]
Guide to a turnaround
Failure is the norm rather than the exception for businesses. The signs can be plain: the business isn’t expanding and you’re having trouble meeting financial obligations. Or the competition is getting intense in an oversaturated market. At this stage, acting quickly gives your business the best chance of recovering, avoiding mounting debt, and returning to profitability. There are […]
Creditor of a company in liquidation?
It’s not an enviable situation for anybody to be in, whether in their personal or business life; you’re owed money, and the person who needs to repay you can’t deliver it. If you’re trapped as a creditor in a situation where a business is winding down or has been liquidated, there are specific steps that […]
Dealing with preference payment demands
Craig looks at what these are and how they impact business owners. More information? To find out more, give us a call on 1300 023 782 or email team@cdrta.au.
