Andrew Weatherley provided commentary on the Courier Mail and The Australian Articles by Glenn Norris and Chris Herde. In particularly the 23.5 per cent spike in company insolvency numbers over the past year in Queensland and the expectation of that continuing.

He also provided some commentary this afternoon to 4BC's Drive Program with Peter Gleeson around the increased insolvency numbers, some expectations for FY2023 and some simple advice for small business.

Brand protection is a critical aspect of any businesses operations as it ensures the long-term success and reputation of your company. Unfortunately, insolvency can pose significant challenges to brand integrity and sustainability – especially in the current climate of high interest and rocketing inflation.

This is the eighth in our series of articles at informing directors of their duties and options for small to medium enterprises if faced with insolvency. This particular article will deal with liquidations and the role of a liquidator.

A liquidator can be appointed by either a creditor (through a Court application) or voluntarily by members of the company. A liquidation can be either solvent (i.e. all liabilities are paid and there is a surplus for shareholders) or insolvent (i.e. when there are insufficient assets to pay all liabilities).

This is the sixth article in a series of articles aimed at informing directors of their duties and options for small to medium enterprises if faced with insolvency or financial distress. We now look at one of the more controversial mechanisms to restructure a business, being what is commonly referred to as a pre-pack transaction.

This is the fifth in a series of articles aimed at informing directors of their duties and options for small to medium enterprises if faced with insolvency. Following on from our previous article around the Director’s Penalty Notice, we now look at one of the distinct options to save a business, being a Voluntary Administration.

WCT Advisory is delighted to announce the opening of their second office in Adelaide, South Australia with Virginia Lao to oversee operations.

Our restructuring and advisory team look forward the opportunity to now bring our expertise to the South Australian and Northern Territory markets.

This is the second in a series of articles aimed at informing directors of their duties and options SMEs if faced with insolvency. We now look at one of the more prominent duties, being insolvent trading and one of the options available to manage that risk.

There are often similar characteristics or issues which indicate potential insolvency or significant financial challenges ahead, and may make a restructure more difficult to undertake.