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Worrells Solvency & Forensic Accountants
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By Aaron Lucan
Total bankruptcies fell while popular bankruptcy alternatives, debt agreements and personal insolvency agreements, rose.
By Jason Bettles
A bankrupt may be required to a contribute part of their income to their bankrupt estate under the Bankruptcy Act 1966.
By Matthew Jess
Clients must ensure they have procedures which will maintain proper corporate governance, especially in times of dispute.
By Michael Griffin
This scheme applies to personal information breaches "likely to result in serious harm to any individual affected".
By Raj Khatri
This legislation aims to reform the Debt Agreement system and to provide greater protection for debtors and creditors.
By Chris Cook
Australian Law Reform Commission is inquiring into class action proceedings and third party litigation funders.
By Jonathan Yee
Accountants need to balance their duty as a trusted financial advisor against reporting requirements pursuant to NOCLAR.
By Paul Nogueira
Creditors should also consider this case when obtaining payment, if their customers are suffering from insolvency issues.
By Dean Phillips
A bankruptcy trustee or liquidator has some alternatives to ensure these matters are considered, and action is taken.
By Nikhil Khatri
January is the ideal time for owners to review cash-flow budgets and set realistic expectations on future cash flows.
By Rebecca Clifford
It is important to ensure the accuracy of registering security interests for the specific type of business structure.
By Aaron Lucan
Reducing the automatic discharge to a one-year bankruptcy could encourage entrepreneurs and stimulate economic growth.
By Paul Nogueira
Some amendments included the increased rights of creditors to improve consumer confidence in insolvency practitioners. .
By Mervyn Kitay
This WA decision was a fine display of pragmatism and a reminder of the voluntary administration regime's effectiveness.
By Nikhil Khatri
Part 2 of this article gives some guidance on some key principles on the right of indemnity in a bankruptcy scenario.