SHERIDANS CHARTERED ACCOUNTANTS is an independent Chartered Accounting practice specialising in Corporate and Personal Insolvency Services, and Litigation Support. Formed in 1995 by the Principal, Jennifer Low, Sheridans has built its reputation on providing high quality professional and personalised service to its clients and stakeholders.
Sheridans has developed a well trained and resourced team. Sheridans provides advice and services to assist in the resolution of a debtor's financial difficulties. The Sheridans team will liaise with your creditors in a manner tailored to your situation, to ease the burden and stress of resolving your affairs.
Sheridans has developed a well trained and resourced team. Sheridans provides advice and services to assist in the resolution of a debtor's financial difficulties. The Sheridans team will liaise with your creditors in a manner tailored to your situation, to ease the burden and stress of resolving your affairs.
Services
Sheridans, established in 1995, has a wealth of experience in a broad range of industries, types of businesses and professions, and types of appointments and assignments. Sheridans' ethos is to be professional and courteous, responsive and communicative, and respectful. We are diligent, hard-working and disciplined, working as a team in a supportive environment.
Sheridans at all times strives to ensure that every appointment and assignment is carried out to the highest ethical and industry standards, in accordance with the relevant legislation, and where appropriate, in line with the wishes of creditors. Sheridans' policies, procedures and training are designed for this objective.
It is not uncommon for those facing the prospect of insolvency to experience varying degrees of mental illness as a result. And, less common but not rare, mental health problems can lead to insolvency. We at Sheridans are not qualified in this field and are unable to provide counselling or advice. However, our principal Jennifer Low is an accredited Mental Health First Aider (Counting on U program - Deakin University).
The ATO's priority in respect of unremitted PAYG (and certain other taxes) was abolished in 1993 and the ATO now ranks equally with other unsecured creditors (over 20 years later some people are still unaware of this change).
However, the ATO is in a better recovery position in corporate and personal matters compared to other unsecured creditors because of the ATO's legislative power regarding, among other things, director penalty notices ("DPNs"), statutory garnishees, PAYG withholding and SGC estimates, departure prohibition orders (preventing a tax debtor from leaving the country) and notices to provide information.
However, the ATO is in a better recovery position in corporate and personal matters compared to other unsecured creditors because of the ATO's legislative power regarding, among other things, director penalty notices ("DPNs"), statutory garnishees, PAYG withholding and SGC estimates, departure prohibition orders (preventing a tax debtor from leaving the country) and notices to provide information.
The Bankruptcy Act does not specify a minimum age for a person to become bankrupt, enter into a debt agreement or personal insolvency agreement. However, also relevant is the legal capacity of someone to contract with another person. The law governing legal capacity to contract with another person on the basis of age varies according to the jurisdiction.
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