Three ways your business might be taken over because of debt
Insolvency is a terrifying term to any business owner and it’s probably not something you can bring up at dinner parties. You probably knew that if you can’t pay back […]
liquidation
The 4 alternatives to liquidation you’ve never heard of
Is your business struggling? Many businesses are. In fact, the national average for insolvency appointments here in Australia sits at an alarming 1,300 per month, of which about half are […]
Common terms explained: Director Penalty Notice
Have you received a Director Penalty Notice (DPN)? If so, you need to move very quickly or you could lose your house, literally. What is a DPN?A DPN is a […]
Why liquidation can be a positive move for your business [Video]
https://youtu.be/DOoTXZpGhzM Going into liquidation can be a stressful experience and often means the end of a business that you have worked so hard for.My Business Path understands that stress and […]
What do I do if I’ve received a winding up application? [Video]
https://youtu.be/IXj2eKp2FE0 By definition, a winding up application is the final stage a creditor takes in collecting money which is owed.If you’ve received an application to have your company wound up, […]
Protecting your personal assets [Video]
https://youtu.be/vlgiVYU8Niw In Australia, over 10,000 businesses go through some form of an insolvency appointment every year. If someone has a financial problem with their business their personal assets may become […]
What’s your business worth? – It depends on how you slice it
Considering what your business is worth is essential for any business owner in making decisions. But it’s not just good for identifying the purchase price in the event of a […]
One kind of liquidation you haven’t heard about (and it might surprise you)
When a business is at the end of its rope and seems like it has no chance of maintaining solvency (where the company’s assets exceed its liabilities), sometimes the only remaining […]