de Jonge Read

02/06/2026

Most people don’t expect to end up in this position. When they do, having someone to guide each step makes all the difference.

01/06/2026

Hank will be sharing his personal journey this Thursday. If you're in Sunshine Coast, grab the tickets to join him along with two other amazing individuals who will be sharing their stories too!

Hank de Jonge , Founder of de Jonge Read, has help more than 7,500 Australian business owners navigate Financial hardship.

At Fu**up Nights Sunshine Coast Volume 5, immerse yourself in Hank’s story. Hank de Jonge knows exactly what happens when you build everything you ever wanted, and then the one person you turn to for help turns out to be working against you.

If you are new to Fvckup Nights, they are a global movement in over 250+ cities where entrepreneurs, artists and business owners share their biggest flops in business and what they have learnt.

Why? To build a community of thriving, heart-led leaders who can harness the power of radical, honest, storytelling.

So, let’s ditch the highlight reel, stick a finger up to perfection, and get raw, real - and have a LOT of fun while we’re at it. Fvckups can be hilariously educational.

Grab your ticket here: https://www.rfr.bz/fc282e6

27/05/2026

Many people assume they will lose everything if they go bankrupt. That is not always the case.

Some assets are protected, including everyday household items. A car can often be kept if its value is below a certain threshold. If you own a house, the situation depends on whether there is equity in the property. In some cases, a partner or third party may be able to retain that interest.

What matters is not just what you own, but how those assets are structured and whether there is value available.

Each situation is different, and the outcome depends on your financial position. If you are unsure what would happen to your assets, it can help to understand how this would apply to you. Speak to our team to find out more information based on your circumstances.

27/05/2026

A common concern is what happens to income during bankruptcy.

You are still allowed to earn an income. However, if your income exceeds a certain threshold, you may be required to make contributions to the Trustee. This is usually calculated at 50 cents in the dollar (net of tax) above the threshold.

What many people do not expect is that wages are not automatically taken, and employers are not automatically notified. There are some situations where an employer may become aware, but this is not the default.

Understanding how income contributions work can remove a lot of uncertainty and prevent assumptions that may not be accurate. If this is something you are concerned about, it can be helpful to understand how these rules would apply to your specific situation before making any decisions. Contact de Jonge Read team today for an obligation-free chat.

25/05/2026

Personal bankruptcy is a legal process designed to help individuals deal with unmanageable debt.

When someone enters bankruptcy, a Trustee is appointed to take control of their financial affairs. In most cases, creditors can no longer pursue payment, and the process creates a structured way to deal with existing debts.

What is often not immediately clear is that the impact of bankruptcy depends on your individual situation, including your income, assets, and the types of debts involved.

Bankruptcy usually lasts for three years, after which most debts are cleared, unless they fall into specific categories.

It is not a simple decision, but it is a process designed to provide a clear outcome where financial pressure has become unmanageable. If you are starting to explore this option, it can help to understand how it would apply to your situation.

22/05/2026

A Voluntary Administration and Deed of Company Arrangement (VA/DOCA) can provide a path forward, but they do not apply in every situation.

They tend to work where the business itself is still viable, even if the financial position is under pressure. If the business can continue operating and generate value, there may be a way to restructure and move forward.

What matters is not just whether the business is still running, but whether it can continue in a sustainable way.

If not, the process may lead to closing the company in an orderly way i.e. a liquidation process.

Understanding that difference is important. If you are unsure whether your business fits into this space, it can help to talk it through with our team at de Jonge Read and understand what may be possible.

19/05/2026

Liquidation is never an easy process, so knowing someone felt supported and looked after the whole way through means a lot to our team. Grateful for this feedback💙

18/05/2026

If a business enters Voluntary Administration (VA), one possible outcome is a Deed of Company Arrangement (DOCA). This is an agreement between the business and its creditors about how debts will be managed. It may involve reducing what is owed or setting out a plan to repay over time.

For this to proceed, creditors need to agree that it is a better outcome than closing the company.

What is often not immediately clear is that creditors will compare the proposal to what they expect to recover if the company is liquidated.

In some cases, a DOCA allows the business to continue operating while working through its financial position. Whether that is possible depends on whether the business itself remains viable.

Understanding how this works can make it clearer what recovery might look like. If you are considering how to move forward, this is one option that may be available. Contact our team to understand your options.

13/05/2026

When a business is under pressure, it can feel like the only option is to keep going or stop completely.

Voluntary Administration (VA) creates another path. It allows time for the directors or business owners to look at the business properly and consider whether an agreement can be reached with creditors. That agreement, known as a Deed of Company Arrangement (DOCA), may allow the business to continue while dealing with its debts over time.

If that is not possible, the process can still lead to an orderly outcome.
What many business owners do not expect is that this process is designed to create options, not force a single result. Having that structure can change how decisions are made.

If you are feeling stuck between difficult choices, understanding these options can help. Have a chat with our experienced team today.

13/05/2026

There are times when the pressure builds, but the business itself still has value.

Sales may still be coming in. The team is still operating. But cash flow is tightening and debts are becoming harder to manage.

This is often when Voluntary Administration is considered.

It creates a structured process to assess whether the business can be restructured through an agreement with creditors, often referred to as a Deed of Company Arrangement (DOCA).

For many business owners, the question is not whether things are difficult. It is whether there is still a viable business worth preserving. That distinction matters.

If that question is starting to come up, it may be worth understanding how this process works. Speak to our team for more information today.