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Insolvency
Australia
KordaMentha
After Jobkeeper, there will be an increase of insolvencies, but it was abnormally low due to government intervention.
Corrs Chambers Westgarth
Theoretical Conflict existed for a liquidator entering into a deed where he was also bankruptcy trustee of the sole shareholder.
Corrs Chambers Westgarth
This decision provides some guidance to an approach that may be adopted when assets are sold in distressed circumstances.
Rostron Carlyle Rojas
Payments to the ATO (later unfair preferences) from a company under a DOCA were not authorised by the deed administrator.
Worrells Solvency & Forensic Accountants
There are many factors to be considered for a range of parties' interests in real property subject to a bankrupt estate.
Worrells Solvency & Forensic Accountants
This article discusses what can happen in a liquidation for a creditor of a company in the maritime industry.
Worrells Solvency & Forensic Accountants
The government is seeking stakeholder input and has opened up a public consultation period until the 7th May 2021.
Worrells Solvency & Forensic Accountants
The stress of running a business, failing and amassing debts, could cause emotional, mental, or physical impacts.
Worrells Solvency & Forensic Accountants
Receiving "credit" from the ATO may seem easy, but potential issues could produce a difficult result in the long term.
Rostron Carlyle Rojas
This case clarifies the types of third-party transactions that are caught by section 588FA of the Corporations Act.
Kells
These temporary government relief measures were introduced to support businesses which could have become insolvent.
KordaMentha
Sometimes voluntary administration may be the most powerful tool to set your company up for future success.
Cooper Grace Ward
It is possible for a trustee in bankruptcy to make a claim to property held by a bankrupt on trust, by lodging a caveat.
Hunt & Hunt
Temporary measures to relieve company directors from personal liability for insolvent trading ceased on 31 December 2020.
Rostron Carlyle Rojas
The SBR scheme is a gateway to ease pressure on small businesses facing creditor issues amid the COVID-19 pandemic.
Rostron Carlyle Rojas
When your company becomes insolvent, things outside your control may happen, so you should understand your rights.
Corrs Chambers Westgarth
Discusses application to FC for the private hearing of a public examination where separate criminal proceedings were on foot.
Rostron Carlyle Rojas
Employers should assess the full extent of COVID-19's impact on the business to ensure that the business is viable.
Cooper Grace Ward
The presumption of advancement is commonly used as a means of protecting the family home against creditors.
Worrells Solvency & Forensic Accountants
The SME Recovery Loan Scheme aims to support the economic recovery of businesses, after the JobKeeper scheme has ended.
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