Introduction to Insolvency
Insolvency 101 is designed to go over the basics of personal and corporate insolvency. You will be introduced to the different insolvency administrations available in Australia and their basic features. This workshop is ideal for staff with little or no involvement with a client who has suffered financial difficulties.
Basics of Corporate Insolvency
This workshop and the Basics of Personal Insolvency are alternatives to the Introduction to Insolvency workshop. We will explore the insolvency administrations that only apply to companies in detail. This seminar is suitable for staff with no insolvency experience through to staff with regular contact with insolvency and need clarification around various points
Basics of Personal Insolvency
This workshop should be taken in addition to the Basics of Corporate Insolvency. It is designed to explain the different insolvency options available to individuals in greater detail than the Introduction to Insolvency workshop. This workshop is for staff who have no insolvency experience through to staff with regular contact with insolvency, and need clarification around various points.
5 Phases of Failure
Every year thousands of businesses open their doors and commence trading. Many of these businesses will fail in the first few years, some will fail in the years after that, and only a few will prosper and survive in the long-term. Based on our experience with business failures, we prepared this workshop to identify what we call the ‘Five Phases of Failure’ and the elements that are likely to be found at each phase. This workshop is suitable for staff at all levels, as it will assist you to see if your clients are in these phases, and hopefully help them restructure their business back onto the success path.
Sole Trader to a Company
This workshop considers the factors when advising clients moving from a sole trader structure to a corporate structure.
Avoiding Bankruptcy & Liquidation
Bankruptcy and liquidation are not positions that anybody wants to be in, so we designed this workshop to show you how to avoid the dark side when clients are facing mounting creditor pressure. The options range from some common sense approaches to using an insolvency practitioner in a formal arrangement with creditors. All levels of staff can attend this workshop, but it is designed for staff that understand the different forms of insolvency administration, and perhaps deal with clients in more than just a compliance role.
Indicators of Insolvency
The courts have quite helpfully set out the indicators of insolvency and this forms a technical workshop on what liquidators consider when making insolvent trading claims against directors, and preference claims against creditors. While the workshop is suitable for all professionals, it is most suited to lawyers, particularly those who work with clients who have received demands from external administrators.
My client is in financial trouble: what now?
We designed this workshop to be a practical guide for accountants with clients in financial trouble and want to achieve the best outcome for them and their client. We will look at issues including phoenixes, liquidator’s powers to recover property, and some tips on securing your fees. Staff at any level should find the seminar interesting, but it is designed for staff who generally do planning work with clients.
Basics of the Personal Property Securities Act (PPSA)
Introduced in 2012, the Personal Property Securities Act 2009 (PPSA) governs security interests in all forms of personal property other than real property. The Act introduced the Personal Property Securities Register (PPSR), which is the Australian Government online register of security interests in goods and other personal property, which is regularly used by buyers, sellers and financiers. The PPSR replaced all commonwealth, state and territory registers of security interests in personal property, such as the Register of Encumbered Vehicles (REVs), the ASIC Register of Company Charges and many more, including the registers of bills of sales and stock mortgages. The affect of this legislation on your clients cannot be underestimated, so the workshop is suitable for staff at all levels.
Liquidators and bankruptcy trustees can seek recovery of property transferred to creditors in repayment of debts to ensure that the assets of the insolvent are distributed equally among the creditors, and that no one creditor receives preferential treatment, unless permitted by law. This workshop is designed for senior staff who assist clients in dealing with accounts receivables and therefore need to be aware of the impact of collecting money from a debtor who you suspect is insolvent.
Ever wanted to know the difference between a mortgage and a caveat, or what happens when a bankruptcy trustee is appointed and you hold an unregistered mortgage? This workshop answers these questions by explaining the differences between those terms and others. Designed primarily for senior staff who talk to clients about asset structuring, the workshop will also help all staff get a grounding in the security interests in real property.
Utilising the Toolchest of an Insolvency Practitioner
External administrators have a plethora of powers to investigate people and transactions. Find out what they are, and how creditors can assist in the process to maximise their chances of a return. The workshop is designed with solicitors in mind, but if you’re a professional advising creditors in an insolvency process then the workshop will be of benefit to you as well.
This workshop considers the risks an individual faces when they are in business, and what assets are exposed.
Trusts and Insolvency
As trusts become more and more prolific in the business landscape it is important to understand the implications in the event of insolvency. The workshop is designed to give accountants and lawyers some things to think about before setting up a trust for a client, rather than scrambling to fix a problem when a client is faced with financial difficulties
As the name suggests this workshop has no fixed agenda. This is your opportunity to get answers to your insolvency questions. Does it sound like a challenge for you to come up with a question we can’t answer?! This session will work best for large offices with staff at all levels who have thought about questions they would like to ask.