OVERVIEW

GROUP STRUCTURES – PHOENIX ACTIVITIES – TAX AVOIDANCE – PUBLIC EXAMINATIONS – ASSET STRIPPING – CONSTRUCTIVE TRUSTS – FRAUD

Company One was established in the early to mid 1990’s to provide temporary employment placement activities within the states of Victoria and New South Wales. It effectively operated up to the turn of the century as a single entity.

However all was not well. Havi [ More ]

OVERVIEW

MOTOR TRADE – FLOOR PLAN FUNDING – ADMINISTRATION – FRAUD – TRADING ON – POSITIVE RESULT – KEY NEGOTIATION REQUIREMENTS

Following advice that Company Two had received from their solicitors the Directors had been instructed to place the Company into Administration.

Company Two had commenced operating some five years earlier as a Used Car Dealership in outer north western Sydney. Some two yea [ More ]

OVERVIEW

REPLACEMENT ADMINISTRATORS – TRADING ON – SHAREHOLDER DISPUTES – BUSINESS VALUATION – KEY ASSET IDENTIFICATION – LIQUIDATION – LOAN ACCOUNT RECONCILIATION

Company Three operated as an Indoor Sports Centre for approximately eight years prior to the appointment of the original Administrators. Some five years earlier a new Director and shareholder had been appointed to the Company in order to assist w [ More ]

OVERVIEW

ADMINISTRATION – FAMILY BREAKDOWN – FRANCHISING – POOR BUSINESS SELECTION – LACK OF CONTROL – INADEQUATE BUSINESS PREPARATION AND INVESTIGATION – POOR STRUCTURING

Company Four had been formed by its owners to operate a number of franchised food outlets from two different franchises operated by the one Franchisor Group. Two of the stores were core businesses (C-MD and C-P) and one was not (NC-RH). T [ More ]

OVERVIEW

PROVISIONAL LIQUIDATION – TRADE ON – TERMINATION OF BOARD – TRANSFER TO VOLUNTARY ADMINISTRATION – LEADERSHIP – FRAUD.

One frequent but not so common reason for corporate failure is fraud. Fraud levels in the Australian business scene are unfortunately quite high in number but much of this is at levels that allow the business to survive notwithstanding its occurrence. The need for strong internal [ More ]