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Australia
Corrs Chambers Westgarth
Liquidator succeeded in obtaining search warrant to seize books & records which had been concealed from the liquidator.
Worrells
Advisors can support clients to analyse current business structure and assist in implementing change to achieve growth.
Worrells
Small business restructuring (SBR) was introduced as a new form of insolvency appointment in January 2021.
Bartier Perry
ASIC data indicates that insolvencies have increased since COVID-related subsidies and protections were discontinued.
Worrells
The ATO's collectable debt is expected to decline, as it converts to insolvency debt.
Worrells
A registered liquidator would sell assets, investigate company affairs, and pay a dividend to creditors.
Corrs Chambers Westgarth
Court approved success fee in addition to liquidators' remuneration calculated by the application of a time-based costing method.
Cathro & Partners
How can a small business know if a restructuring process has worked for them? Link to video discussing this issue.
Corrs Chambers Westgarth
Termination of company's winding up is not just about succeeding on the application - payment of a liquidator's costs must be considered.
KordaMentha
Survey report focuses on market outlook, insolvency environment, current turnaround environment & expected responses from businesses.
Jones Day
When winding up a company, liquidators must distribute any surplus funds following the satisfaction of any secured debts.
Sajen Legal
A bankruptcy notice is a formal demand for payment based on a final judgment or order of a Court.
Cathro & Partners
Formal insolvency appointment numbers have continued to increase post-COVID, across a number of industry sectors.
Corrs Chambers Westgarth
This decision reinforces requirements for intervening parties to be granted leave to be heard under FCCR rule 2.13.
Worrells
Bankruptcy is a legitimate and just way for a debtor to resolve their debt problems.
Worrells
Examples of the benefits of engaging with insolvency practitioners early to achieve the best possible outcome.
Worrells
Despite some headwinds, Australia's economy is doing well, so insolvency appointments may be likely to remain low.
Worrells
A poor tax compliance history could result in the ATO's lack of confidence in a company's proposed restructuring plan.
Cathro & Partners
This episode of The Cut explores observations regarding insolvency and restructuring in the Asian-Pacific market.
Herbert Smith Freehills
The Atlas case involved the administrators trading on a vehicle rental business, in circumstances where the main assets (the vehicles themselves) were secured to a range of vehicle manufacturers.
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