Department of Health steps in after Berrington Aged Care defaults on its RADs how many more providers will need the Government to step in this year? – The Weekly SOURCE

Two weeks ago, advisory firm Ansell Strategic warned their COVID-19 modelling showed aged care operators would pay out $9 billion in departing RADs over the next nine months or $37 million a day with insolvencies starting in mid-May. Now the defaults have commenced with the Department of Health paying out for pre-COVID Berrington Aged Care…

Two safe harbours: What business owners need to know about insolvent trading during the COVID-19 pandemic – SmartCompany.com.au

Hall & Wilcox special counsel in commercial litigation Katherine Payne. One of the earliest economic stability measures passed by the federal government to battle COVID-19 involved a new form of safe harbour, which provides directors with short-term relief from the insolvent trading provisions. Temporary safe harbour joins the pre-existing safe harbour regime, which was introduced…

Rose Bay’s Lapin House sold as knock-down rebuild for $16.6 million – Domain News

The Rose Bay modernist home of bankrupt former mining executive IanStolyarand his wife Beth has sold on the quiet for $16.6 million as a knock-down rebuildto London-based expat foreign exchange dealer TonyCollick. The waterfront property was designed as Lapin House in 1949 by the late architect NevilleGruzmanfor his auntMollieLapin, and long owned by former High…

Experts warn insolvencies could spike in coming months due to COVID-19 – Savings.com.au

Photo byAnastasiia ChepinskaonUnsplash Battle victory could be close, but the war is not over – experts are warning insolvencies could spike in the coming months and linger for years post-COVID-19. Last quarter (January to March 2020), personal insolvency rates fell 16.5% on the same quarter last year – the lowest level since the December quarter…

COVID-19 Economics: Financial gurus bracing for a ‘tsunami’ of bankruptcies in 2021 – 9News

Australia could face a “tsunami” of bankruptcies when government support packages and existing capital run dry as a result of COVID-19, a lead financial institution has warned. Malcolm Howell, bankruptcy trustee and partner at insolvency firm Jirsch Sutherland, forecasts that the majority of these bankruptcies will come in 12 to 18 months time thanks to…

Company liquidation packages in Merewether Heights

Company liquidation packages now available in Merewether Heights starting at $2,000.00 Are you looking to liquidate your company? Or, or are you looking for?company liquidation?help in Merewether Heights? Did you know that Insolvency Advisory Accountants offer company liquidation packages that can?cost as little as $2000? Company liquidation packages from Insolvency Advisory Accountants can help you to?successfully liquidate your Merewether…

Company liquidation packages in Middle Park

Company liquidation packages now available in Middle Park starting at $2,000.00 Are you looking to liquidate your company? Or, or are you looking for?company liquidation?help in Middle Park? Did you know that Insolvency Advisory Accountants offer company liquidation packages that can?cost as little as $2000? Company liquidation packages from Insolvency Advisory Accountants can help you to?successfully liquidate your Middle…

Company liquidation packages in Minchinbury

Company liquidation packages now available in Minchinbury starting at $2,000.00 Are you looking to liquidate your company? Or, or are you looking for?company liquidation?help in Minchinbury? Did you know that Insolvency Advisory Accountants offer company liquidation packages that can?cost as little as $2000? Company liquidation packages from Insolvency Advisory Accountants can help you to?successfully liquidate your Minchinbury-based company quickly…