In this section, Australian Company Liquidations provides the latest news and tips in business insolvency and liquidations.

Managing cash flow during COVID-19

With the Covid-19 outbreak impacting the global economy and the ability of businesses to carry out their usual operations, maintaining control on your cash flow becomes crucial to the survival of your business. Below are some tips to help stay on top of your company’s cash flow and improve your positive cash flow: Prepare a cash flow forecast We recommend you prepare a 3 month cash flow. Trying to forecast longer than 3 months may be too difficult. This will

READ MORE

Safe Harbour as temporary relief during COVID-19 (Coronavirus)

With COVID-19 causing major disruptions to businesses and impacting the economy as a whole, businesses are faced with many unforeseen challenges. At times of financial distress you may be finding it tough navigating through difficult financial situations. You may be worried about your duties as a director or business owner. According to the Corporations Act 2001 directors have the duty to prevent the company from incurring further debts once the company is insolvent, and if you fail to do so

READ MORE

Why A Company Liquidation Could Be the Best Thing for Your Business

Are you thinking about liquidating your company, but you aren’t sure if it is the right decision or not given all of the government stimulus packages which are available at the moment? If your company was insolvent before all of the government stimulus was put in place then it is likely that your business will continue to be insolvent when the government stimulus comes to an end. At Australian Company Liquidations, we have listed below the top 5 reasons why

READ MORE