Introduction to Insolvency - Understanding the Basics
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Introduction to Insolvency - Understanding the Basics
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About this listen
What is insolvency and how do you know when your business is in trouble? In this foundational episode, Darren Vardy shares his 30+ year journey in insolvency and breaks down the warning signs every business owner needs to recognise. Learn the difference between corporate and personal insolvency, and discover why acting early gives you the most options for recovery.
Key Topics Covered: • What insolvency actually means in practical terms • Early warning signs of business financial distress • The difference between corporate and personal insolvency • When to seek professional insolvency advice • Why businesses fail and how to recognise the patterns • The importance of acting before it's too late
Key Takeaways: ✓ Insolvency = inability to pay debts when they fall due ✓ Warning signs include tightening cashflow and delayed creditor payments ✓ Early intervention provides the most recovery options ✓ Professional advice should be sought at the first signs of trouble
Who Should Listen: Business owners, company directors, lawyers, accountants, and anyone wanting to understand financial distress warning signs.
About the Host:Darren Vardy - Managing Director of Insolvency Options and Registered Liquidator with over 30 years of experience in business recovery and debt solutions. Darren has helped thousands of businesses and individuals navigate financial distress and find practical solutions to complex problems.
Connect With Us:• Website: insolvencyoptions.com.au • Phone: 1800 463 328 • LinkedIn: https://www.linkedin.com/in/darrenvardy/
Subscribe & Follow:Don't miss future episodes! Subscribe to i.O. - Insolvency Options
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Co-host: Anthony Perl
Produced by: Podcasts Done For You
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