Author Archives: Anne Floyd

Advisory Boards can help rebuild businesses beyond the pandemic!  

Being proactive and pooling experience and wisdom are needed to tackle these challenging times and lead businesses into the next ‘normal’. Now, more than ever, advisory boards can play a critical role in achieving this.  As we move through different phases of the pandemic, it leaves a trail of disruption to the economy and many […]

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Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224

On 25 November 2020, Riad Tayeh and Suelen McCallum were appointed joint and several Administrators of Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224. By proceeding to view information about the Company, you are declaring that you are a creditor or professional advisor for this matter, and that you agree not to communicate […]

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COVID-19 and the three waves of insolvency

COVID-19 has significantly impacted Australia’s economy and businesses.  There has been much published about the possible insolvency storm ahead.  But the reality is, we are still in uncharted waters.  Some sectors will bounce back quite quickly, but others will not. The dVT Group has drawn on the expertise of our senior practitioners to prepare a […]

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Selling your legacy to achieve financial freedom

SME MASTER PLAN SERIES – PART 4 OF 4 This is the last of our four-part series aimed to help SMEs leverage opportunities to boost their business in these distressing times. You may have restructured your business (see our previous article), you may have accessed the required funding and you may have even achieved your […]

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To trade or not to trade after 31 December 2020?

As you may already know, on 23 March 2020, Federal Parliament passed the Coronavirus Economic Response Package Omnibus Bill 2020 (The COVID Act) which commenced on 25 March 2020. In amongst other initiatives, the government sought to limit insolvent trading “during that period” by inserting Section 588 GAAA into the Corporations Act 2001. This moratorium […]

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Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335

On 11 November 2019, Suelen McCallum was appointed Liquidator of Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335 By proceeding to view information about the Company, you are declaring that you are a creditor or professional advisor for this matter, and that you agree not to communicate any information to any person other […]

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How long does bankruptcy go for – till death and beyond?

An important aspect of personal bankruptcy in Australia is that it usually lasts for a minimum of 3 years, but did you know that it can last until death and even beyond! We are often asked by debtors and their advisors, including accountants and lawyers, “how long can someone be a bankrupt for?” The current […]

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Accessing funding for business growth

SME MASTER PLAN SERIES – PART 3 OF 4 We hope you have enjoyed the first two articles of this series:  setting up the right business structure click here for part 1 and how to obtain growth through acquisition click here for part 2. This is the third of our four-part series aimed to help […]

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Retaining the family home in bankruptcy

There are many adages about the family home, such as ‘home is where the heart is’, ‘home sweet home’ and ‘there is no place like home’. This is because the family home is where cherished lifetime memories are made. The family home is also often the single biggest asset available to a trustee in many […]

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Growth through acquisition – what you need to know! 

SME MASTER PLAN SERIES – PART 2 OF 4   Part 1 of our series covered “the importance of having the right business structure” Click here for article This article is the second of the four-part series aimed to help SMEs leverage opportunities to boost their business in these distressing times.  It outlines “what you need […]

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