Australia’s Airline Industry: What We Can Learn From Bonza’s Voluntary Administration
The history of budget airlines in Australia has long been a tumultuous one, with many players struggling to gain a strong foothold. One of the biggest losses in the industry […]
When Should My Business Consider Voluntary Administration?
Aussie companies are navigating an uncertain economic landscape, with challenges like dwindling consumer spending, rising supply costs, and labour shortages. These days, many company directors are confronted with an option […]
Corporate Insolvencies Reach Highest Levels in a Decade: Our Outlook for 2024
The number of corporate insolvencies has spiked to a monthly high since 2015 as more companies file for voluntary administration. Latest data from ASIC shows that 967 companies filed for […]
Armaguard and the Future of Cash in Australia
Armaguard and Australia’s cash future remains uncertain as the cash transit business grapples with staying afloat. The monopoly owned by billionaire businessman Lindsay Fox has requested industry support at a […]
BHP’s Nickel West Possible Closure: Possible Impacts on Mining Businesses
July 2024 update: In a statement, BHP has since suspended its Western Australian Nickel operations until February 2027. This includes its Nickel West operations and the West Musgrave project. Citing […]
Finding success amongst Covid-19
Impact of COVID-19 pandemic on businesses The COVID-19 pandemic continues to disrupt Australia’s business environment, with lockdowns and border restrictions affecting thousands of SMEs nationwide in 2021. While the unprecedented […]
When should I consider voluntary administration over an informal restructure?
Voluntary Administration Process The Voluntary Administration process is set out in Part 5.3A of the Corporations Act and is a formal mechanism to allow for an insolvent company to be […]
The Restaurant Renaissance
Challenges in Hospitality Sector Even before the coronavirus, hospitality was a sector in crisis. Skyrocketing rents, fierce competition, and stagnant prices had reduced already tight margins to the barest of […]
A Practical Guide To Voluntary Administration Process For Creditors
Insolvency in Business The next two years will represent one of the most challenging times for Australian businesses. We need to consider a different approach to dealing with customer insolvency […]
Voluntary Administration: 5 key ingredients for a successful business turnaround
What is Voluntary Administration? Voluntary Administration is simply a mechanism that gives directors and secured creditors a chance to save an insolvent company. If you want to rescue your business, […]
