Mondaq Australia: Insolvency/Bankruptcy/Re-structuring
Corrs Chambers Westgarth
Failure to properly obtain creditor approval of remuneration can have dire consequences for insolvency practitioners.
Corrs Chambers Westgarth
The voluntary administrator could claim costs of care, preservation and realisation of partnership assets of the company.
Worrells Solvency & Forensic Accountants
Article explains the rights that a bank with a GSI has over unsecured creditors.
Worrells Solvency & Forensic Accountants
Article explains that personal insolvencies continue to fall and why.
Worrells Solvency & Forensic Accountants
Article explains how fines received by the company eg. speeding fines are not recoverable in a liquidation.
Corrs Chambers Westgarth
Provisional liquidators were appointed after allegations of oppressive manner towards minority shareholder and company.
Stacks Law Firm
Article explains and discusses illegal phoenix activity including the cost of it, involvement by ASIC, reforms etc.
Corrs Chambers Westgarth
This case demonstrates the Court's inclination to assist liquidators and to reduce costs for the benefit of creditors.
Corrs Chambers Westgarth
Safe harbour protection for company directors was one of a number of restructuring reforms to relax the insolvency laws.
Worrells Solvency & Forensic Accountants
Article discusses what happens if there is a tax refund owing to the debtor in bankruptcy.
Worrells Solvency & Forensic Accountants
An empathetic article about the personal impact bankruptcy can have on the individual mentally, both before and after the fact.
Worrells Solvency & Forensic Accountants
Article highlights why directors should take steps to ensure that the company properly maintains & retains books & records.
Worrells Solvency & Forensic Accountants
Article provides six tips for advisors to consider when providing services to an insolvent entity.
Corrs Chambers Westgarth
The statutory presumption of insolvency did not arise as there had not been effective service of a statutory demand.
Carroll & O'Dea
The administration period can be difficult for a landlord, as their rights in relation to the premises are restricted.
Cooper Grace Ward
This is practical guidance for external administrators in responding to information requests from creditors and others.
Corrs Chambers Westgarth
Several proofs of debt were wrongly admitted or rejected; if correct, the company would not be put into liquidation.
Worrells Solvency & Forensic Accountants
The example was a liquidation where sales were being paid up front, but the company was still constantly short on cash.
Worrells Solvency & Forensic Accountants
A bankruptcy trustee has several powers and options to claim against a typical family trust or otherwise recover funds.
Jones Day
The receivers and the Commonwealth opposed the liquidators' position that the payments should be made by the liquidators.
Most Popular Recent Articles
Worrells Solvency & Forensic Accountants
Article highlights why directors should take steps to ensure that the company properly maintains & retains books & records.
Worrells Solvency & Forensic Accountants
Article explains how fines received by the company eg. speeding fines are not recoverable in a liquidation.
Stacks Law Firm
Article explains and discusses illegal phoenix activity including the cost of it, involvement by ASIC, reforms etc.
Bryks Lawyers
Article discusses the prohibition on insolvent trading and the new safe harbour defence provisions.
Madgwicks
The liquidators sought the guidance of the Court and then appealed it; therefore, took the appeal at their own risk.
Worrells Solvency & Forensic Accountants
Article explains that personal insolvencies continue to fall and why.
Colin Biggers & Paisley
The Court found that the directors had breached their duties by failing to conduct a proper analysis of cash reserves.
Coleman Greig Lawyers
Article discusses changes to enforcement of ‘ipso facto' clauses in contracts and provides guidance on how to deal with them.
Corrs Chambers Westgarth
Safe harbour protection for company directors was one of a number of restructuring reforms to relax the insolvency laws.
Corrs Chambers Westgarth
This case demonstrates the Court's inclination to assist liquidators and to reduce costs for the benefit of creditors.
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