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

Adapting your business during the Coronavirus recovery period

With the pandemic receding and government restrictions loosening up, businesses are moving closer to ‘returning back to normal’. However, whilst everyone may be eager to get back to business as usual, the unpredictable and long-lasting impact following this pandemic means that businesses must be prepared for the new opportunities and risks when reopening. Here are some key areas to consider when adapting your business during the coronavirus recovery period: Financial Planning This includes addressing short-term liquidity challenges as well as

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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

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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

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