FAQs

A creditor is threatening legal action against my company and our bank has already said no to any further credit. How do I gain access to finance?

There are a number of ways to deal with this. The easiest way is to use equity in a property, over and above the current amount owing to the mortgagee. Corporate Guardian can source you a short term loan through our finance network, over and above your current mortgage, of up to 80% of LVR. This facility is fast, virtually free from red tape and has an uncomplicated application process. This loan can be replaced by more traditional form of finance once the “fires” have been put out.

My company is in Liquidation, does this mean I will go bankrupt?

Not necessarily, unless the debts owed by the company are personally guaranteed by you (in which case creditors may reserve their rights to recover the debt from you personally) or the liquidator pursues you for a settlement due to insolvent trading or other breaches of the law.

I have a winding up order against my company, what can I do?

Your next steps are absolutely crucial to you and to your business. The ideal situation is to pay the debt or prove solvency to the courts and to your creditors. There are a number of ways that you can attempt to do this. However, we recommend that you first seek professional advice. Corporate Guardian can provide you with a free initial consultation to help you understand the full range of options available to you and the consequences of each.

I need to fund growth but we are in the early stages of our business. Our bank has said we need three years of trading history to obtain finance. Can I get a loan?

In many cases the answer is yes and there are a number of funding options that are available to you. See business finance for more details.

I’m thinking about placing my company into liquidation. Can I set up a new company and still be a director if I chose to do this?

Yes. However this requires careful planning and cannot be a regular occurrence. We can provide you with a free initial consultation to explain the process to you in more detail.

Why should I deal with Corporate Guardian; I have been in contact with other companies offering similar services?

You have much to gain and nothing to lose by obtaining a second opinion. Our initial consultation is free of charge and obligation and we may be able to offer you options that others cannot.

I don’t know who to turn to about the problems my business is facing; everyone keeps saying “sorry, we can’t help”

Our services are geared to helping businesses that are experiencing difficulties. We respond differently to banks and may be able to offer you alternatives that are not readily-available in the market. Although we can’t do the impossible, we stand by our promise that ‘There’s always a positive way forward’.

I’m worried about losing my home, what can I do?

You should act immediately. Many people delay responding to, or ignore, problems such as legal demands such as court actions. These problems will not go away and failing to act quickly will almost certainly lead to more expenses and put your assets/business at greater risk. We can offer you options to gain back some control of your situation and help protect your home and other assets.

What are your fees and charges?

Your initial consultation with us is free. Once we understand your situation and the strategy needed to remedy it, we can provide you with a quote for consulting services. If you require funding from us, any interest payments will be based on the type of funding, the duration and the security that you can provide.

You will always be made fully aware of all costs prior to engaging our services. You do not have to accept any quotes from us and you can walk away if you choose to without charge or obligation.

I haven’t paid my business taxes for years, what can I do?

You should act immediately to deal with the problem. There may be a number of options available to you that will enable you to put your tax obligations in order, and we may able to assist you to reach an agreement with the ATO on payment terms. If you do not take action, you may find that the situation quickly moves outside of your control.