Both insolvents and creditors benefit in the Part X regime
The Part X regime provides a framework for debtors to deal formally with creditors by way of a proposal which satisfies creditors and clears debtors of debt if agreed to. Read More
News
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Wednesday, June 17 2015 -
A Part X - PIA could be to your and your creditors’ benefit
Wednesday, June 17 2015 Macks Advisory’s recent handling of a Barrister’s insolvency benefited both him and the people to whom he owed money. If the creditors had voted to bankrupt the Barrister he would have been unable to continue practicing law or to use money owed to him by clients to repay anything to his creditors. Read More
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NT businesses keen to explore potential of new Federal loans
Thursday, June 04 2015 Both the NT Government and the Territory’s private sector are keen to see to what extent Commonwealth loans, available through the $5bn Northern Australia Infrastructure Facility, will effectively support projects considered vital if the area’s full potential is to be realised. Read More
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NT's building and construction industry a glass half full
Thursday, June 04 2015 On the back of a $1.4bn NT Government infrastructure package and the Territory’s share of a $5bn development fund across the deep north announced in the latest Federal Budget, building and construction businesses generally see the future as a glass half full. Read More
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The nexus between banks and SMSFs can be problematic
Thursday, May 07 2015 The advent of so-called “stronger super” on January 1, which in many respects is seen as a good thing by people associated with SMSFs and insolvencies, can also be problematic in the nexus between such funds and banks. This is seen in a recent court case that demonstrates an SMSF’s obligation to operate soundly in return for the contributions it receives. Read More
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More Staff Not Necessarily A Boost To Business
Thursday, May 07 2015 Many a business owner encountered by Macks Advisory in turnaround or restructuring projects got into financial difficulty believing that hiring more staff would necessarily boost business. SME’s are often under resourced. Let’s consider this in more detail. Read More