2009 Blog Posts

Today I received an industry newsletter out of the United States proudly announcing the fact that one of the major US Banks had announced that it will “suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.” No doubt aimed...

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In one sense the whole industry has been bewildered by the resultant decision in the case effectively run by ASIC against Jodi Rich (and others) of One.Tel fame and its impact on the industry. This announcement immediately gained a reaction from lawyers claiming that ASIC needed to review the manner...

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2009 will be remembered as the year that the Reserve Bank of Australia drastically cut interest rates to their lowest level in 45 years … however the old saying rang true – all things must come to an end – and by year’s end rates began to lift again.

Interestingly, the increasing...

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The global financial crisis made every business look at ways to cut costs and stay afloat. This was a difficult time for everyone in business, however it was not the first downturn that has ever been seen, nor will it be the last.

One of the most important lessons to be learned from this crisis...

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In my last blog we looked at what to do when you have had a liquidator or trustee appointed. My key piece of advice was to take positive action and deal with it head on – do not wait for someone else – like a rampant creditor — to take control.

Therefore this time I think it is important...

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Lately we have had an increase in the number of calls from people that have not taken any action when they have received correspondence from a solicitor. This correspondence has related to the fact that their company is either being wound-up or they are being bankrupted

I can assure you that...

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