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Insolvency Insider
Australia
เข้าร่วมเมื่อ 26 ส.ค. 2019
What really happens in a bankruptcy or a liquidation in Australia? Find out here!
Do you have questions about bankruptcy or liquidation? Call me (Louisa Sijabat) on 02 8358 8051 and I'll walk you through the process, step by step, and answer all of your questions.
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CONNECT!
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Do you have questions about bankruptcy or liquidation? Call me (Louisa Sijabat) on 02 8358 8051 and I'll walk you through the process, step by step, and answer all of your questions.
SUBSCRIBE!
th-cam.com/channels/OixLdTi9tYEXulZib-TIDA.html
CONNECT!
www.linkedin.com/in/louisa-sijabat-905561/
HOW DO I PUT A REGISTERED CHARITY WHICH IS A PUBLIC UNLISTED COMPANY INTO LIQUIDATION?
HOW DO I PUT A REGISTERED CHARITY WHICH IS A PUBLIC UNLISTED COMPANY INTO LIQUIDATION??
#smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19
Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa Sijabat) on 02 8358 8051 and I'll walk you through the process, step by step, and answer all of your questions.
SUBSCRIBE!
th-cam.com/channels/OixLdTi9tYEXulZib-TIDA.html
CONNECT!
www.linkedin.com/in/louisa-sijabat-905561/
#smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19
Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa Sijabat) on 02 8358 8051 and I'll walk you through the process, step by step, and answer all of your questions.
SUBSCRIBE!
th-cam.com/channels/OixLdTi9tYEXulZib-TIDA.html
CONNECT!
www.linkedin.com/in/louisa-sijabat-905561/
มุมมอง: 19
วีดีโอ
SHOULD A SOLE TRADER WITH ATO DEBT OF $200K TRY TO PAY IT OFF OR DECLARE BANKRUPTCY?
มุมมอง 53หลายเดือนก่อน
SHOULD A SOLE TRADER WITH ATO DEBT OF $200K TRY TO PAY IT OFF OR DECLARE BANKRUPTCY? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19 Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa Sijabat) on 02 8358 8...
NON-LOCKDOWN DPN - PUTS COMPANY INTO SBR BUT PROPOSAL NOT ACCEPTED - NOT LIABLE FOR DPN?
มุมมอง 694 หลายเดือนก่อน
MY CLIENT HAS RECEIVED A NON-LOCKDOWN DPN. IF HE APPOINTS AN SBR RESTRUCTURING PRACTITIONER WITHIN THE REQUIRED 21 DAYS BUT CREDITORS DO NOT ACCEPT THE COMPANY'S PROPOSAL, IS HE OFF THE HOOK FOR THIS DPN? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #austra...
IS A PRE-BANKRUPTCY TAX DEBT WIPED OUT BY BANKRUPTCY IF YOUR TAX RETURN IS LODGED AFTER BANKRUPTCY?
มุมมอง 875 หลายเดือนก่อน
IS A SOLE TRADER'S PRE-BANKRUPTCY TAX DEBT WIPED OUT BY BANKRUPTCY IF HIS TAX RETURN IS LODGED AFTER BANKRUPTCY? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19 Do you have questions about restructuring, liquidation or bankruptcy? Call me (...
WHO PAYS FOR A LIQUIDATION IF THE COMPANY HAS NO ASSETS?
มุมมอง 3735 หลายเดือนก่อน
WHO PAYS FOR A LIQUIDATION IF THE COMPANY HAS NO ASSETS? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19 Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa Sijabat) on 02 8358 8051 and I'll walk you throug...
WHAT'S THE IMPACT OF A SMALL BUSINESS RESTRUCTURING ON A DIRECTOR PERSONALLY?
มุมมอง 1486 หลายเดือนก่อน
WHAT'S THE IMPACT OF A SMALL BUSINESS RESTRUCTURING ON A DIRECTOR PERSONALLY? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19 Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa Sijabat) on 02 8358 8051 and...
IN A LIQUIDATION, WHAT HAPPENS TO A LEASE WITH NO ARREARS AND 2 YEARS LEFT (PERSONALLY GUARANTEED)?
มุมมอง 756 หลายเดือนก่อน
IN A LIQUIDATION, WHAT HAPPENS TO A LEASE WITH NO ARREARS AND 2 YEARS LEFT THAT I'VE PERSONALLY GUARANTEED? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19 Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louis...
HOW ARE DIVISION 7A LOAN ASSETS TREATED IN A SMALL BUSINESS RESTRUCTURING COMPARED WITH LIQUIDATION?
มุมมอง 1177 หลายเดือนก่อน
HOW ARE DIVISION 7A LOAN ASSETS TREATED IN A SMALL BUSINESS RESTRUCTURING COMPARED WITH IN A LIQUIDATION? #smallbusinessrestructuring #sbr #liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #restructuring #accounting #tax #trusts #law #litigation #finance #business #australia #covid19 Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa ...
IF THERE ARE LEGAL PROCEEDINGS INVOLVING MY COMPANY, CAN I DEREGISTER IT WITH ASIC?
มุมมอง 617 หลายเดือนก่อน
IF THERE ARE LEGAL PROCEEDINGS INVOLVING MY COMPANY, CAN I DEREGISTER IT WITH ASIC?
WHAT HAPPENS WITH PERSONAL GUARANTEES & ATO DIRECTOR PENALTY NOTICES IN SMALL BUSINESS RESTRUCTURING
มุมมอง 1657 หลายเดือนก่อน
WHAT HAPPENS WITH PERSONAL GUARANTEES & ATO DIRECTOR PENALTY NOTICES IN SMALL BUSINESS RESTRUCTURING
I THINK MY CLIENT IS ABOUT TO RECEIVE A WINDING UP NOTICE. CAN MY CLIENT STILL APPOINT A LIQUIDATOR?
มุมมอง 927 หลายเดือนก่อน
I THINK MY CLIENT IS ABOUT TO RECEIVE A WINDING UP NOTICE. CAN MY CLIENT STILL APPOINT A LIQUIDATOR?
ONE OF THE COMPANY'S SHAREHOLDERS IS UNCONTACTABLE. CAN WE STILL PUT THE COMPANY INTO LIQUIDATION?
มุมมอง 798 หลายเดือนก่อน
ONE OF THE COMPANY'S SHAREHOLDERS IS UNCONTACTABLE. CAN WE STILL PUT THE COMPANY INTO LIQUIDATION?
IN AUSTRALIA, BANKRUPTCY IS AN ADMINISTRATIVE SYSTEM TO DEAL WITH UNPAID DEBTS. IT ISN'T PUNISHMENT.
มุมมอง 391ปีที่แล้ว
IN AUSTRALIA, BANKRUPTCY IS AN ADMINISTRATIVE SYSTEM TO DEAL WITH UNPAID DEBTS. IT ISN'T PUNISHMENT.
IF I GO BANKRUPT, DO PEOPLE TURN UP AT MY HOUSE AND TAKE AWAY MY FURNITURE, TV & CLOTHES?
มุมมอง 247ปีที่แล้ว
IF I GO BANKRUPT, DO PEOPLE TURN UP AT MY HOUSE AND TAKE AWAY MY FURNITURE, TV & CLOTHES?
I'M A NEW DIRECTOR & ASKED TO SIGN A SOLVENCY RESOLUTION. HOW DO I KNOW IF THE COMPANY'S SOLVENT?
มุมมอง 109ปีที่แล้ว
I'M A NEW DIRECTOR & ASKED TO SIGN A SOLVENCY RESOLUTION. HOW DO I KNOW IF THE COMPANY'S SOLVENT?
AM I LIABLE TO PAY A DEBT PERSONALLY GUARANTEED PRE-BANKRUPTCY FOR A NEW INVOICE AFTER BANKRUPTCY?
มุมมอง 143ปีที่แล้ว
AM I LIABLE TO PAY A DEBT PERSONALLY GUARANTEED PRE-BANKRUPTCY FOR A NEW INVOICE AFTER BANKRUPTCY?
CAN I KEEP MY PROPERTY WITH NO EQUITY THROUGH MY BANKRUPTCY?
มุมมอง 106ปีที่แล้ว
CAN I KEEP MY PROPERTY WITH NO EQUITY THROUGH MY BANKRUPTCY?
CAN I USE MY WORKERS' COMPENSATION INJURY PAYMENT TO BUY CRYPTO/GOLD & KEEP THESE IN MY BANKRUPTCY?
มุมมอง 74ปีที่แล้ว
CAN I USE MY WORKERS' COMPENSATION INJURY PAYMENT TO BUY CRYPTO/GOLD & KEEP THESE IN MY BANKRUPTCY?
DOES A LIQUIDATOR OF THE FORMER CORPORATE TRUSTEE OF MY TRUST HAVE ACCESS TO THE TRUST'S ASSETS?
มุมมอง 126ปีที่แล้ว
DOES A LIQUIDATOR OF THE FORMER CORPORATE TRUSTEE OF MY TRUST HAVE ACCESS TO THE TRUST'S ASSETS?
IF A CREDITOR DOESN'T CLAIM IN A DEED OF COMPANY ARRANGEMENT, DO THEY MISS OUT?
มุมมอง 132ปีที่แล้ว
IF A CREDITOR DOESN'T CLAIM IN A DEED OF COMPANY ARRANGEMENT, DO THEY MISS OUT?
IS THE HOUSE CONSIDERED MY HUSBAND'S OR MINE IN MY BANKRUPTCY?
มุมมอง 207ปีที่แล้ว
IS THE HOUSE CONSIDERED MY HUSBAND'S OR MINE IN MY BANKRUPTCY?
IF MY SMALL BUSINESS RESTRUCTURING PROPOSAL ISN'T ACCPETED, DOES MY COMPANY GO INTO LIQUIDATION?
มุมมอง 167ปีที่แล้ว
IF MY SMALL BUSINESS RESTRUCTURING PROPOSAL ISN'T ACCPETED, DOES MY COMPANY GO INTO LIQUIDATION?
HOW QUICKLY CAN A LIQUIDATION OR BANKRUPTCY START?
มุมมอง 188ปีที่แล้ว
HOW QUICKLY CAN A LIQUIDATION OR BANKRUPTCY START?
IS A CAR FINANCE CONTRACT'S EARLY TERMINATION FEE PAYABLE, OR A DEBT WIPED OUT BY BANKRUPTCY?
มุมมอง 97ปีที่แล้ว
IS A CAR FINANCE CONTRACT'S EARLY TERMINATION FEE PAYABLE, OR A DEBT WIPED OUT BY BANKRUPTCY?
"CAN AN OPERATING COMPANY REPAY ITS $10M SECURED LOAN TO THE HEAD COMPANY BEFORE A LIQUIDATION?"
มุมมอง 102ปีที่แล้ว
"CAN AN OPERATING COMPANY REPAY ITS $10M SECURED LOAN TO THE HEAD COMPANY BEFORE A LIQUIDATION?"
"HOW WILL MY COMPENSATION PAYMENT FOR MY INJURY AND LOST INCOME BE TREATED IN BANKRUPTCY?"
มุมมอง 65ปีที่แล้ว
"HOW WILL MY COMPENSATION PAYMENT FOR MY INJURY AND LOST INCOME BE TREATED IN BANKRUPTCY?"
I'M IN BANKRUPTCY & HAVE SOME NEW DEBTS I CAN'T PAY. CAN I GO BANKRUPT AGAIN & WIPE OUT THESE DEBTS?
มุมมอง 389ปีที่แล้ว
I'M IN BANKRUPTCY & HAVE SOME NEW DEBTS I CAN'T PAY. CAN I GO BANKRUPT AGAIN & WIPE OUT THESE DEBTS?
WHAT SHOULD I DO IF I DON'T HAVE ALL OF THE INFO TO DECIDE IF I VOTE FOR OR AGAINST A DOCA PROPOSAL?
มุมมอง 176ปีที่แล้ว
WHAT SHOULD I DO IF I DON'T HAVE ALL OF THE INFO TO DECIDE IF I VOTE FOR OR AGAINST A DOCA PROPOSAL?
"CAN I OFFSET MY GST/PAYGW DEBT AGAINST MY TAX LOSSES FROM PREVIOUS YEARS?"
มุมมอง 96ปีที่แล้ว
"CAN I OFFSET MY GST/PAYGW DEBT AGAINST MY TAX LOSSES FROM PREVIOUS YEARS?"
WHAT MAKES AN ATTRACTIVE OFFER TO PURCHASE ASSETS FROM A VOLUNTARY ADMINISTRATOR?
มุมมอง 143ปีที่แล้ว
WHAT MAKES AN ATTRACTIVE OFFER TO PURCHASE ASSETS FROM A VOLUNTARY ADMINISTRATOR?
What is the cost of a simple DOCA please ? Hugh ROSS
Hi, I wonder could we have we have a conversation? I have been court appointed bankrupt, against my will. I am maintaining my bills and was paying the debt off. I think I will still be able to service the current loans throughout this situation. A private chat would be greatly appreciated.
Hello hope you’re well? I would like to know if you could give advice on a project I have been working on ❤
Hi there, thank you for your video. My family and I may be going down this path with our business and I was just wondering what some of the negatives could be with this restructuring. Very aware of the advantages which are great and we are eligible, but would just like to know a few cons that you may be able to share. Thank you and kind regards.
Hi can I ask if a director of a company be the liquidator of the same company in a voluntary winding up application.
Hi, a director of a company isn't allowed to be the liquidator of that same company.
Hello, Thanks a lot for knowledge.. What if a company goes bankrupt does the director of the company losses their house and car?
so some one cannot go bankrupt and them make money in stocks?
Hi I was injured at work and declared bankrupt last year and I got my TPD claim approved are the trustee able to access to my lump sum payment and use the credit to pay the creditors
Hi, thanks for sharing the content. Good information I have some questions: (Compulsory liquidation) 1. What happens if the landlord who applied for your company also owns a reputable insolvency and receivership company? Both real estate and insolvency are owned by the same shareholders. Will this not be considered a conflict of interest? 2. In a scenario where the liquidator has allowed the landlord to rent the unit and company assets without calling any creditor meetings and also not responding to other creditors who have filed their proof of debt, is this a practical norm? 3. At the point of winding up, the directors, owners, and third parties' personal belongings were at the location. The liquidator has asses to the assets and confirmed the owners to reach out to the landlord. However, the new tenant and landlord are requesting a confirmation note or formal letter to serve the other parties, as they have refused owners and others to collect their belongings. The liquidators are not responding to emails and mails of parties. Ignores calls nowadays. Does this goes against the liquidators code of ethics? 4. Can the liquidators liquidate lease operation requirements (assets) owned by a third party? 5. What actions can be taken against court liquidators in this respect and how to challenge their unfair practices, if any? Thank you.
Bankruptcy is a setback, not a defeat. Hopefully, others will seek professional help from watching your videos.
Thank you for your support and advice
Hello what will happen to the refund's tuition fee of offshore applicants if their school provider is closed? what is the process? thank you so much
if no rescue is feasible it may result in liquidation of company
because nothing can be salvaged from their business they may face liquidation
Great job explaining what happens if a person is a beneficiary of a trust. What happens if you file chapter 7 and you are a beneficiary of a living trust but the person is still alive and until they pass away no money goes to you? You my not receive any assets for decades can you still file?
Thanks that’s very helpful
Very informative. Thanks for sharing, your profile is pure gold.
Thank you for your kind feedback - glad it's helpful!
Im building a brand nee home and the company has gone into voluntary administration. As a customer what can we do. Or do we just wait it out or are there things we can do to be pro active before the voluntary administration has finish ?
hi, is a temporary work visa eligible to apply for FEG?
What about any pending legal cases against the previous director/company if the director has recently got changed? Legal cases will be applied against the new director before company goes into liquidation or cases will still be active against the previous director?
All of video are what is happening to me
Pls your contact pls
Good explanation , Love your skill
A company what owes me money has recently changed directors. The new director has been buying up lots of failing ltd companies so he is now liable I presume. But there is obviously a loop hole for him to do this as all the new director is doing is taking on companies with bad dept and court cases against his new company. How does that work?
I love to see your wonderful videos! Very helpful. ❤
Thanks Daniel - I'm glad they're helpful!
never had a client with enough money to purchase an asset that would end up vesting in the estate, but it's interesting to know what would happen if they did. Most people just ask me if they are allowed to save money (yes, as long as it is demonstrably sourced from your already assessed income).
Hello, I just wanted to know the risk involved as a insolvency specialist and how to be complaint.
Can you talk about DOCA?
How can I contact you please
You would be very busy nowadays lol 😂
Thank you for your explanation very helpful!
Thanks & glad it was helpful!
Great info great videos you are doing great job people need your services these days a lot due to covid meltdown
Hi, I am building a house. The Director has gone personally bankrupt but he has not put the company into liquidation like he said he would. Have you heard of this before?
Yes, I have seen this happen. Is the company still trading? You may also like to lodge formal notification of your claim in the bankrupt estate by lodging a "Proof of Debt" form with the bankruptcy trustee.
I was a plant manager for a commercial printing plant. Unfortunately insolvency are one of the most abused processes to the employees. Myself and my employees lost all our vacation pay $45,000 the insolvency administrator told me he Has immunity and can do what ever he wants!! And he was right the labor board closed the case on my employees because the insolvency company was involved and they would pay us? However that never happened! I guess I have a bad taste in my mouth for this process since I investigated this I found out the industry got immunity for itself and abuses The employees quite often since I met several other people that had the same thing happened to them the corporations take care of themselves not the employees!
Hi Stevens, I'm so sorry to hear this happened to you. Are you in Australia? If so, are you able to make a claim with the Federal Government's Fair Entitlements Guarantee (FEG) scheme? www.ag.gov.au/industrial-relations/fair-entitlements-guarantee-feg
Good video which explains very clearly thank you
Glad it's helpful Paul!
When will ato force your company in administration? Is it when you cannot pay your debt back?
You're going to want to put it into administration yourself before you appear before the courts
Yes, the ATO can put a company into liquidation if its debt to the ATO hasn't been paid and is over $4,000. There are usually many warning and legal notices issued to the company before this happens though. If you're unsure where in the process your company may be, please just call me on 02 8224 8207 and we can chat further (there's no charge for this phone call).
Great Chanel - have you got a contact where we can ask general questions or where we can find you to engage consultation.
Hi James, thanks for your kind feedback. Yes, please just call me on 02 8224 8207 and I can answer your questions and see how I can assist further (there's no charge for any of the initial phone calls).
Very informative. Thanks
Thanks for your kind feedback Onur
So what if the company had a contract making profit . What if the liquidater failed to tell or take this into account who is than responsible? Let’s say if you asked the liquidater how much do you owe and they reply make a offer ???
What happens if the liquidater gets it wrong and company should not of been liquidated?
Hi Nathen, it's actually a decision of the directors and shareholders of that company, or a decision of the court, for the company to be placed into liquidation.
@@insolvencyinsider yes I understand this but what if paper work is given to the liquidater wich proves the court decision was wrong is it than the liquidater s responsible to show the court that there is in fact no debt ???
Great advise!
Glad it was helpful!
You have given me answers to questions I had been researching for months. Thank you.
You're welcome and glad it's helpful!
Hi, what does it mean when a company goes into an External Administration?? Does it mean that the company isn’t salvageable and it has to close its doors. Thanks
Hi, sure - External Administration is an "umbrella" term for a few different things that could be happening with the company. It could be going into Liquidation (and closing down because it isn't salvageable), or it could be going into Voluntary Administration (to work out if there is any plan possible to save it), or a few other things but those are the main two.
Australia is like Kenya. We refer to Bankruptcy for individuals only and not companies
i never deal in debt but it's interesting to know how people who do work this stuff out :) rachel
Insightful.
My name is jeff
Thank you so much for this
This is really useful video. I am student who is eager to start my career in solvency. Thank you so much ☺☺
Hey this was really helpful! Law student here writing essays and needed the definitions broken down for me . Thank you
Glad it was helpful! All the best with your law studies.