This article on illegal phoenix activity looks at what elements are illegal and what the legal alternatives are. It also considers the risks and penalties associated with illegal phoenix activity.

The ATO has very good systems in place that allow and individual or business to simply enter into payment arrangements. However, if you have a long history no non-compliance with the ATO, have not paid tax in a long time, or have defaulted on previous ATO payment arra...

Not all property will be taken if you become Bankrupt. This article considers which property will be protected and which will be divisible amongst creditors.

There are many forms of insolvency appointments in Australia under the Corporations Act and the Bankruptcy Act. A summary each of the different forms of insolvency appointments follows.

If guilty of insolvent trading, a director can be made personally liable for the debts incurred by the company for the period it traded whilst insolvent.

A Bankruptcy Notice can be issued to recover judgment debts. If ignored, it can result in the debtors being made a bankrupt by way of a creditor's petition.

Trade Debtors can be managed through the Statutory Demand Process. If you have been served with a statutory demand, it can have very serious implications.