https://www.spreaker.com/podcast/getting-closure-for-your-business-and-you--4781956enBusinessCopyright Thesolvers.com.auhttps://d3wo5wojvuv7l.cloudfront.net/t_rss_itunes_square_1400/images.spreaker.com/original/15067e15128c2f4a9cca7b7b7579ab66.jpghttps://www.spreaker.com/podcast/getting-closure-for-your-business-and-you--4781956Wed, 06 Mar 2024 06:39:02 +0000Thesolvers.com.auThesolvers.com.auinfo@thesolvers.com.auWe often feel the business we run is 'part of who we are'. Who stands with you when that part of your life is big trouble? James Flaherty' talks with Director's Advocate Cheryl Stainsby about what she see's business go through, and how to tackle the...falseepisodichttps://www.spreaker.com/episode/26-what-is-bankruptcy-and-what-does-a-trustee-do--47647161
What is the job of a bankruptcy trustee and when should you contact one? When should
someone contact the Australian Financial Security Administration (AFSA) versus trying to find a
private bankruptcy trustee? All this and more as we continue our talk with Director’s Advocate
Cheryl Stainsby.

For more discussions on bankruptcy and what it means for those who file it, be sure to tune in to
Cheryl Stainsby's new 'Deep Dive' podcast: Surviving Bankruptcy.]]>https://api.spreaker.com/episode/47647161Thu, 25 Nov 2021 04:31:53 +0000Thesolvers.com.auMake no mistake, bankruptcy and liquidation are separate. Bankruptcy may be a result for you if there is a liquidation of your company, but in Australia, the company itself cannot go bankrupt. Only you can, as bankruptcy applies to personal debt. Find...
What is the job of a bankruptcy trustee and when should you contact one? When should
someone contact the Australian Financial Security Administration (AFSA) versus trying to find a
private bankruptcy trustee? All this and more as we continue our talk with Director’s Advocate
Cheryl Stainsby.

For more discussions on bankruptcy and what it means for those who file it, be sure to tune in to
Cheryl Stainsby's new 'Deep Dive' podcast: Surviving Bankruptcy.]]>321bankruptcy,cherylstainsby,debt,insolvency,jamesflahertyfalsefullhttps://www.spreaker.com/episode/25-terms-and-titles-and-where-to-get-help--47491367
So our next few episodes are about 'who to see for what'. What are the 'tions' like liquidation, administration and also bankruptcy. We're reminded that we should never assume everyone knows the same things in the same detail as us, and that there are a lot of sources of bad advice.

Tune in to find out what to know on this really handy podcast series from Cheryl Stainsby of Your Directors Advocate.]]>https://api.spreaker.com/episode/47491367Mon, 15 Nov 2021 23:39:24 +0000Thesolvers.com.auThis time we take a pause or a bit of deep breath. We have think about what we've covered, and do a revisit on 'who does what'. So our next few episodes are about 'who to see for what'. What are the 'tions' like liquidation, administration and also...
So our next few episodes are about 'who to see for what'. What are the 'tions' like liquidation, administration and also bankruptcy. We're reminded that we should never assume everyone knows the same things in the same detail as us, and that there are a lot of sources of bad advice.

Tune in to find out what to know on this really handy podcast series from Cheryl Stainsby of Your Directors Advocate.]]>281advice,bankruptcy,business,cashflow,liquidationfalsefullhttps://www.spreaker.com/episode/24-just-because-it-s-been-quiet-doesn-t-mean-it-wil-stay-that-way--47384047
For many people, after a time it seems to have all gone quiet, there has been the nothing come through for months or even a year or so. Will it stay that way? What should Directors be aware of?

Cheryl Stainsby talks us through what to expect and what to do to get on the front foot.]]>https://api.spreaker.com/episode/47384047Tue, 09 Nov 2021 04:35:53 +0000Thesolvers.com.auWe've been following through the steps a creditor takes when a debt is unpaid. things got to the pointy end in the last few episodes where an application for Wind Up was tables in court and a liquidator appointed. There was a flurry of activity, but...
For many people, after a time it seems to have all gone quiet, there has been the nothing come through for months or even a year or so. Will it stay that way? What should Directors be aware of?

Cheryl Stainsby talks us through what to expect and what to do to get on the front foot.]]>357cherylstainsby,insolvency,smallbusiness,windupfalsefullhttps://www.spreaker.com/episode/23-back-on-the-front-foot-with-a-wind-up-application--47249569https://api.spreaker.com/episode/47249569Mon, 01 Nov 2021 00:11:52 +0000Thesolvers.com.auSo what if you don't ignore the process and try and get back some level of control. This episode Cheryl Stainsby talks us through the options. You are not in control of a court appointed liquidator! However, you can be on the front foot, by knowing...335bankruptcy,cashflow,cherylstainsby,jamesflaherty,liquidation,windupfalsefullhttps://www.spreaker.com/episode/22-wind-up-applications-what-happens-if-just-goes-to-the-keeper--47071746
Cheryl Stainsby feels you should try and stay in control where possible. What are your rights, what the the options, rather than letting things just happen to you?

Understand your position, what must you do and what can you refuse - what do you do when someone comes asking for assets. What information must you hand over and to whom?

All may not be lost if you get good advice and stay involved.]]>https://api.spreaker.com/episode/47071746Thu, 21 Oct 2021 00:41:06 +0000Thesolvers.com.auSome untrustworthy advisors might tell the director of a business business (with a Windup application against it) just to let it go... Cheryl Stainsby feels you should try and stay in control where possible. What are your rights, what the the...
Cheryl Stainsby feels you should try and stay in control where possible. What are your rights, what the the options, rather than letting things just happen to you?

Understand your position, what must you do and what can you refuse - what do you do when someone comes asking for assets. What information must you hand over and to whom?

All may not be lost if you get good advice and stay involved.]]>313bnakruptcy,cashflow,cherylstainsby,insolvency,liquidatorfalsefullhttps://www.spreaker.com/episode/21-windup-applications-and-ambulance-chasers--46985368
What to do? And what about the number of random people who call you or send you letters offering "help"? "consultants", often from companies that have big sounding names and bad websites will offer all sorts of 'ways out'. Pre-insolvency, anti-phoenix, and a whole lot of other words you may never have really heard of come in to play now.

It's a minefield, so good advice from a decent source is key. Another good overview from Cheryl Stainsby of what think about if you find yourself in this situation.]]>https://api.spreaker.com/episode/46985368Fri, 15 Oct 2021 06:23:47 +0000Thesolvers.com.auOk, so you've ignored it, you never got any letters or emails, or they really want their money back now, or things have gone legal in a big way. Someone has lobbed an Application for Wind up! What to do? And what about the number of random people who...
What to do? And what about the number of random people who call you or send you letters offering "help"? "consultants", often from companies that have big sounding names and bad websites will offer all sorts of 'ways out'. Pre-insolvency, anti-phoenix, and a whole lot of other words you may never have really heard of come in to play now.

It's a minefield, so good advice from a decent source is key. Another good overview from Cheryl Stainsby of what think about if you find yourself in this situation.]]>326bankruptcy,cashflow,cheryl_satinsby,insolvency,jamesflahertyfalsefullhttps://www.spreaker.com/episode/20-watch-out-for-the-creditors-statutory-demand--46877189
Over the last few episodes we've been talking through the increasing heat if you or your business owes a debt and it remains unpaid longer and longer. Sometimes the process is fast - but what is 'the process'? Not all of the steps need to be taken before you find out about a court date for a large debt.

To be warned at least is the start of being ready - and deciding how best to act if you receive a Creditors Statutory Demand. Listen in on Cheryl Stainsby again as she takes us through these situations and what to expect along the way.]]>https://api.spreaker.com/episode/46877189Fri, 08 Oct 2021 05:09:30 +0000Thesolvers.com.auWhat do you do if you get a Creditors Statutory Demand? (and what is that anyway?) Well, you definitely don't ignore it, or just hope it goes away! Over the last few episodes we've been talking through the increasing heat if you or your business...
Over the last few episodes we've been talking through the increasing heat if you or your business owes a debt and it remains unpaid longer and longer. Sometimes the process is fast - but what is 'the process'? Not all of the steps need to be taken before you find out about a court date for a large debt.

To be warned at least is the start of being ready - and deciding how best to act if you receive a Creditors Statutory Demand. Listen in on Cheryl Stainsby again as she takes us through these situations and what to expect along the way.]]>325bankruptcy,cheryl_stainsby,debt,insolvency,james_flahertyfalsefullhttps://www.spreaker.com/episode/19-statements-of-claim--46164229
What is a Statement of Claim?
Who issues them and when?
What happens if you don't respond?
What to do if you get one.

Once again, Cheryl shares insights on what to do, and what not to do if you r business is struggling with some unpaid bills.]]>https://api.spreaker.com/episode/46164229Fri, 20 Aug 2021 01:16:27 +0000Thesolvers.com.auHaven't been getting your mail? Haven't update your business address? Always best to keep things up to date. It's not like the movies - the process continues for those who have not paid their debts and don't respond. In this episode we talk about:...
What is a Statement of Claim?
Who issues them and when?
What happens if you don't respond?
What to do if you get one.

Once again, Cheryl shares insights on what to do, and what not to do if you r business is struggling with some unpaid bills.]]>302cashflow,cherylstainsby,debt,jamesflaherty,smallbusinessfalsefullhttps://www.spreaker.com/episode/18-what-if-my-business-owes-money-to-the-ato--45718923How will the ATO try to contact you?
How do you make sure the contact is real and not a scammer?
Some steps to take if you owe money to the ATO.
What might happen if they can't reach you or you ignore them?

Over the next few episodes we'll continue our walk through what you might expect if your business has a debt you can't or won't pay. What are you options, and what are the implications of the decisions you might make?]]>https://api.spreaker.com/episode/45718923Fri, 16 Jul 2021 06:37:29 +0000Thesolvers.com.auThis time we talk about tax or other debts owed just to the ATO. We discuss: How will the ATO try to contact you? How do you make sure the contact is real and not a scammer? Some steps to take if you owe money to the ATO. What might happen if they...How will the ATO try to contact you?
How do you make sure the contact is real and not a scammer?
Some steps to take if you owe money to the ATO.
What might happen if they can't reach you or you ignore them?

Over the next few episodes we'll continue our walk through what you might expect if your business has a debt you can't or won't pay. What are you options, and what are the implications of the decisions you might make?]]>326bankruptcy,cashflow,cherylstainsby,insolvency,jamesflaherty,management,smallbusiness,taxdebtfalsefullhttps://www.spreaker.com/episode/17-what-to-expect-if-my-business-hasn-t-paid-a-debt--45632934https://api.spreaker.com/episode/45632934Fri, 09 Jul 2021 02:53:51 +0000Thesolvers.com.auSo you haven't paid that bill. And now it is getting a bit overdue. There may be a good reason, such as 'I don't agree with it', 'they haven't done the work for my business as agreed', or 'I just don't quite have the cash flow right now'. What are...337bankruptcy,cashflow,debt,insolvency,liqudation,managementfalsefullhttps://www.spreaker.com/episode/16-family-and-other-trusts-for-business--45520646https://api.spreaker.com/episode/45520646Thu, 01 Jul 2021 06:32:55 +0000Thesolvers.com.auA matter of Trust? What are trusts for and how are they used in business structures? What are the pros and cons? You see them a bit, they can be used in the building industry and trades, often set up by an accountant and lawyer. A business owner...350bankruptcy,business,cashflow,insolvency,trustsfalsefullhttps://www.spreaker.com/episode/15-why-should-i-use-a-company-for-my-business--45392861
Why is a corporate structure so important? People often say 'isn't that just too complicated and costly'. Sure. some of that may be true too, sometimes, but the costs of getting it wrong can be dire. So listen in to what you need to know about the advantages and risks.]]>https://api.spreaker.com/episode/45392861Tue, 22 Jun 2021 04:35:35 +0000Thesolvers.com.auWhy set up a company? You may have a Pty Ltd company that your accountant has set up and you don't understand. Or you have a business you run under an ABN. Things might have been 'as they are' for quite a while....is any of that wise? Why is a...
Why is a corporate structure so important? People often say 'isn't that just too complicated and costly'. Sure. some of that may be true too, sometimes, but the costs of getting it wrong can be dire. So listen in to what you need to know about the advantages and risks.]]>354bankruptcy,business,comapnies,insolvencyfalsefullhttps://www.spreaker.com/episode/14-what-could-possibly-go-wrong-sole-trader--45242357https://api.spreaker.com/episode/45242357Thu, 10 Jun 2021 05:32:03 +0000Thesolvers.com.auLots of businesses are pretty small, some grow fast and soon enough the structure of the business and its ownership hasn't kept pace with what's going on. So what are the pros and cons of just having an ABN operating as a Sole Trader? Cheryl shares...354bankruptcy,business,enterprise,insolvencyfalsefullhttps://www.spreaker.com/episode/13-what-if-it-s-worth-less-than-you-owe--45105238https://api.spreaker.com/episode/45105238Mon, 31 May 2021 07:02:24 +0000Thesolvers.com.auLots of people think their company or business is worth at least what they borrowed to buy it or set it up (or to keep it going when the trouble signs started appearing). Sadly, that's not often the case. Some people been keep working on the business...335bankruptcy,business,insolvency,managementfalsefullhttps://www.spreaker.com/episode/12-you-ve-worked-so-hard-in-this-business-so-what-s-it-worth--44997390https://api.spreaker.com/episode/44997390Mon, 24 May 2021 06:51:05 +0000Thesolvers.com.auRunning a business can mean long hours and sacrifice of family time. There can be great rewards despite the risks we've covered in previous episodes, Many of us want to sell out at the end. Can we? What will the business be worth? What would someone...323bankruptcy,business,insolvency,managementfalsefullhttps://www.spreaker.com/episode/11-taking-the-step--44806976https://api.spreaker.com/episode/44806976Fri, 14 May 2021 06:14:11 +0000Thesolvers.com.auWe've spoken about closing a business down that isn't making money. If it has debts, it most often needs to be put into liquidation. Simple enough to say, tough decision to make. How do you do appoint a liquidator, and what happens. Who do ask for help?332bankruptcy,business,debt,insolvency,managementfalsefullhttps://www.spreaker.com/episode/10-what-is-insolvent-trading-should-i-care--44616287https://api.spreaker.com/episode/44616287Mon, 03 May 2021 23:05:53 +0000Thesolvers.com.auLast year the government gave directors of businesses large and small several months protection from the the consequences of trading while insolvent, We've covered the debts a business might have you can be liable for in other episodes, but now...327bankruptcy,business,insolvency,managementfalsefullhttps://www.spreaker.com/episode/9-personal-liability-any-other-snares--44417134https://api.spreaker.com/episode/44417134Wed, 21 Apr 2021 05:29:06 +0000Thesolvers.com.auWe've looked into some of the things that make you liable for a company's debts like director or personal guarantees. What are some of the others?336falsefullhttps://www.spreaker.com/episode/8-the-fine-print-personal-director-guarantees--44297365https://api.spreaker.com/episode/44297365Mon, 12 Apr 2021 02:04:15 +0000Thesolvers.com.auYour accountant might have set you up a Pty Ltd company because it can help protect assets like your home from the business if things go wrong. Lots of contracts and leases get around that by making your liable for the company debts. What sorts of...323bankruptcy,business,businessadvice,debt,insolvency,liquidation,managementfalsefullhttps://www.spreaker.com/episode/7-tax-debt-avoiding-the-liability-trap--44110828https://api.spreaker.com/episode/44110828Tue, 30 Mar 2021 06:35:20 +0000Thesolvers.com.auWhat do you need to know if the ATO doesn't know what you owe!? GST, PAYG and Super. All of them now can snare the director of a Pty Ltd company (operating or not) - especially if the company hasn't lodged its BAS for a while. What has Cheryl seen?321bankruptcy,business,insolvency,smallbusiness,taxdebtfalsefullhttps://www.spreaker.com/episode/6-my-mum-said-honesty-is-the-best-policy--44040400https://api.spreaker.com/episode/44040400Wed, 24 Mar 2021 23:49:52 +0000Thesolvers.com.auWhen a business is in trouble all to often people try to 'save' things (like cars or valuables) by selling them to family members or friends. Or they just don't tell the whole story when asked. Insolvency professionals have seen all the tricks before....323bankruptcy,business,debt,insolvency,managementfalsefullhttps://www.spreaker.com/episode/5-acceptance-so-what-s-that-feel-like--43926742https://api.spreaker.com/episode/43926742Wed, 17 Mar 2021 01:19:22 +0000Thesolvers.com.auCheryl talks about the need to be open and honest. Those who try to hide assets or keep secrets can make things so hard for themselves as time goes on.324advice,bankruptcy,business,debt,experthelp,liquidation,management,moneyworries,smallbusinessfalsefullhttps://www.spreaker.com/episode/4-anger-s-high-cost-even-when-you-re-right--43785536https://api.spreaker.com/episode/43785536Mon, 08 Mar 2021 07:46:51 +0000Thesolvers.com.auAnger is a natural reaction. What's the cost to you and those you care about? Some hard truths too, what if things went wrong with the business and it's not something you could control?324bankruptcy,cashflow,debt,insolvency,management,relationshipsfalsefullhttps://www.spreaker.com/episode/3-taking-the-leap-from-denial--43698332https://api.spreaker.com/episode/43698332Tue, 02 Mar 2021 05:29:39 +0000Thesolvers.com.auOften it is easier to do what you have always done, rather than face up to the truth. Or pretending things will be ok, when you need help. Cheryl talks here about seeing people when they have been in denial - and some tips to recognise if you are not...321bankruptcy,insolvency,smallbusinessfalsefullhttps://www.spreaker.com/episode/2-your-business-is-in-trouble-so-how-do-you-feel--43580689https://api.spreaker.com/episode/43580689Mon, 22 Feb 2021 11:44:21 +0000Thesolvers.com.auOur business is often 'part of who we are'. So how do people feel when things are going wrong? What should their partner, family and friends look for?304banruptcy,insolvency,smallbusinessfalsefullhttps://www.spreaker.com/episode/getting-closure-podcast-ep-1--43576621https://api.spreaker.com/episode/43576621Mon, 22 Feb 2021 04:16:43 +0000Thesolvers.com.auWho looks out for you, the business owner when things are tough, and maybe you need to close the doors? Cheryl Stainsby has been asked to share her tips and ideas, so let's start on the journey with what does a Directors Advocate do?320falsefull