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If you have a business tax bill that is bigger than you are capable of paying, you may need to look at placing your business into insolvency. This is particularly important if you are a company director.
Trading while insolvent has serious legal implications; you may become personally liable for the business tax debt and this may result in significant legal proceedings being taken against you.
Insolvency can be an effective way of clearing the slate so that you can make a fresh start. A lot depends on how you deal with your creditors, including the ATO and OSR. Our services can protect you from harsh or unfair treatment, enable you to complete the insolvency process with the minimum fuss and cost, help you reach a tax debt settlement with the ATO, OSR, and other creditors and emerge in the strongest possible position to start again.
Our services include:
