Does Bankruptcy discharge you from all your debts?
For those struggling to pay off unsecured debts, becoming a Bankrupt can offer insolvent debtors a sense of relief from financial burdens. However, will becoming a Bankrupt truly free you from all the financial obligations you can’t afford to pay? The short answer is NO. While personal insolvencies across Australia have increased by 17.6% in […]
Navigating Bankruptcy in Australia: What You Need to Know About Property Revesting
Bankruptcy is a legal process designed to serve a dual purpose. On the one hand, it provides relief to individuals who are unable to pay their debts. On the other hand, it creates a legal framework for creditors to recover debts owing to them by recalcitrant debtors. Key Provisions of the Bankruptcy Act 1996 Under […]
Securing Business Loans: Essential Strategies for Protecting Clients’ Investments
This is Part 2 of a 2-part series, exploring the importance of safeguarding your client’s investments by registering loans to provide the necessary protection and control, particularly during insolvency. In today’s unpredictable business environment, it’s more essential than ever to ensure your clients protect the personal investments they make or have made in their businesses. […]
Change Management: A Vital Strategy for Business Sustainability and Growth
In today’s dynamic business environment, change is both constant and inevitable. Organisations must adapt to survive and thrive, whether prompted by market shifts, technological advancements or internal restructuring. Effective change management is not only crucial for optimising business processes but also for ensuring the well-being and productivity of employees. When implemented correctly, it can be […]
Information on Personal Insolvency (Bankruptcy)
These information sheets have been jointly developed by AFSA and ARITA as a resource to help creditors in the event of personal insolvency.
Information on Corporate Insolvency
These information sheets have been produced by ASIC and ARITA to assist you if you are affected by a company’s insolvency.
Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224
On 25 November 2020, Riad Tayeh and Suelen McCallum were appointed joint and several Administrators of Somark Group Pty Ltd (Administrators Appointed) A.C.N. 616 027 224.
Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335
On 11 November 2019, Suelen McCallum was appointed Liquidator of Flor Australia Pty Ltd (In Liquidation) A.C.N. 603 317 335
M8srates Holdings Pty Ltd (Administrator Appointed) A.C.N. 624 104 543
On 16 July 2020, Riad Tayeh and Suelen McCallum were appointed Voluntary Administrators of M8srates Holdings Pty Ltd (A.C.N. 624 104 543).
Freshpac Solutions Pty Ltd (In Liquidation) A.C.N. 167 145 520
On 26 May 2020, Riad Tayeh was appointed Liquidator of Freshpac Solutions Pty Ltd (In Liquidation) A.C.N. 167 145 520
