Both insolvency and liquidation are legal processes that businesses can use to address financial difficulties. While the terms insolvency and liquidation are often used interchangeably, they have different meanings. Insolvency explained Insolvency describes a situation where a company cannot pay its liabilities when they come due. In other words, the company doesn't have enough cash [...]
Insolvency occurs when you are unable to pay your business debts when they are due. As insolvency lawyers in Geelong, we notice that there tend to be warning signs that your business may be insolvent. Whilst, insolvency isn’t always avoidable, there are a few things you can do to try to turn your business around [...]
Insolvency is a state of financial distress in which a business is unable to pay its debts to creditors when they are due. Signs your company may be in financial distress: Overdue tax debts Poor cashflow Ongoing losses (unable to pay day-to-day costs or debts) Issues obtaining finance Unpaid creditors Liabilities are greater than [...]
