by Bruce Gleeson The proliferation of zombie companies pre Covid-19 has largely been fuelled by reduced financial pressure. Examples being financial institutions continuing to offer (or not otherwise call in) finance to non-viable companies and also the impact of lower […]
by Bruce Gleeson Directors can already be held personally liable for Pay-As-You-Go [“PAYG”] and Superannuation Guarantee Charge [“SGC”] liabilities of a company in certain circumstances via the Director Penalty Notice [“DPN”] regime. 2020 is very likely to see legislation passed […]
by Bruce Gleeson Bankruptcy is a concept that is frequently misunderstood, particularly given that in Australia it relates to the affairs of an individual as opposed to a company (noting in America the term is used for both). It can […]
by Bruce Gleeson Over the twenty-five (25) years that I have been advising individuals who have been in some form of financial difficulty, I believe between 15-20% of those bankruptcies to which I have been appointed could have been avoided […]
by Bruce Gleeson Before we crack open the champagne, we need to put these statistics into perspective rather than looking at them in isolation – specifically let’s look at what appears to have been happening in the economy over the […]
by Bruce Gleeson As an employee how often do you check that your employer is paying your superannuation on time? Would you know how many months your employer might be in arrears? What if you knew that your employer was […]
Appointment Type: Bankruptcy Purpose of Notice: Appointment as Trustee Date of Appointment: 5 April 2018 Name of Bankrupt: Jerry Ren Alias: Xiaofeng Ren Appointee Name: Bruce Gleeson Contact Person: Mr Alan Topp – atopp@jonespartners.net.au Contact Number: +612 9251 5222
Details of sale: Sale of goods from Forklift Warehouse Under instructions from the Liquidator, Mr Bruce Gleeson of Jones Partners. Buyers can bid from anywhere in Australia exclusively via PicklesONLINE. The start time for this auction is Thursday, 17 May […]
by Martin Vu As Bankruptcy Trustees, we are often asked to assist individuals of many and varied ages on personal insolvency options available to them. Individuals generally have differing financial circumstances and the advice provided needs to be considered on […]
by Bruce Gleeson The Corporations Amendment (Crowd Source Funding) Bill 2016 is due to come into operation on 29 September 2017. Crowd Source Funding (“CSF”) continues to be a popular way that allows entrepreneurs/start-ups to raise funds from many investors. […]
by Bruce Gleeson Whilst it is difficult to accurately determine the true cost of “phoenix activity” primarily due to a lack of relevant data, it has been estimated to cost the Australian economy in the vicinity of $3.2 billion per […]
by Bruce Gleeson Family Trusts have and will continue to be used into the future for a variety of purposes, in particular asset protection. Most Family Trusts notably have a Corporate Trustee. As a Registered Bankruptcy Trustee, I am quite […]