News Articles
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The importance of having the right business structure
SME MASTER PLAN SERIES – PART 1 OF 4 This article is the first of a 4-part series aimed to help SMEs leverage opportunities to boost their business in these distressing times. In this series, Riad Tayeh, Partner at dVT Group, covers four key areas: Part 1 – Restructuring a business Part 2 – […]
Congratulations – our new Trustee – Anthony Bagala
We wish to congratulate Anthony Bagala, who has had his application approved to become a registered trustee in bankruptcy. Anthony joined the dVT Group in 2008 with a broad level of experience in insolvency and tax. His versatility allowed him to become an adaptable member of our team, offering valuable input into all types of […]
Practical tips to reduce the costs of receiverships to improve outcomes
Appointing a receiver is very different to appointing a liquidator or administrator. Receiverships are useful and become necessary in circumstances when all other options are unsuccessful, and confidence has been lost in a borrower’s ability to meet their obligations. There are also different consequences for creditors of the company and other related parties in a […]