This article outlines the general process involved in a PIA and the risks associated specifically with the Controlling Trustee endorsing offers with insignificant returns to creditors.

PIA’s are governed by Part X of the Bankruptcy Act 1966 …

When private businesses or trusts are involved in a family law dispute, the right business valuation can be the difference between a smooth resolution and a drawn-out conflict …

As a company director, your role goes beyond oversight - you are responsible for safeguarding and growing the value of the business…

When ownership interests in a legal practice changes hands, stamp duty can become a key consideration. In Queensland, the Queensland Revenue Office requires the value of “goodwill” and other dutiable property …

In the dynamic business landscape in Australia, legal expertise is essential for navigating regulatory requirements, protecting assets, and resolving disputes. Whether you're a startup, a growing enterprise, or an established corporation …

The Corporations Act 2001 plays a crucial role in regulating business activity in Australia. One of its key functions is to prevent fraudulent or unfair business practices …

WCT Advisory is thrilled to announce the expansion of our capabilities with the merger of the former Bentleys QLD Advisory Team, led by Tracy Knight, as of 1 November 2024 …

A voidable transaction is a transfer of property or assets owned by the debtor to a third party that causes detriment to creditors. By voiding these transactions, a Trustee can recover assets that would otherwise have been available to creditors …

There is no strict definition of what informal restructuring is, however, quite simply it is the process of turning around the financial results of a business …

WCT Advisory is a specialist financial advisory firm primarily concentrating on advising company directors and business owners when facing financial distress, as well as undertaking formal insolvency appointments …

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 …

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 …