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Insolvency
Australia
Kott Gunning
The proposed reforms continue temporary restrictions on a creditor's ability to use benefits and efficiencies of CSDs.
Kott Gunning
Directors should be mindful of any potential personal exposure and risk under any new personal guarantees..
BRI Ferrier
The video discusses this model for SME restructuring and provides a practical example of what is in the marketplace.
Corrs Chambers Westgarth
The dominant purpose of examinations is for the benefit of the company in liquidation, its contributories and creditors.
Madgwicks
When a liquidator brings a claim for an unfair preference against a company, the good faith defence may be available.
Corrs Chambers Westgarth
The Court emphasised the importance of the COI to ensure effective creditor representation in the winding up process.
KordaMentha
This podcast discusses current business challenges and the implications of upcoming changes to Safe Harbour legislation.
LegalVision
Temporary changes to insolvency laws during COVID-19 give some protection to companies having financial difficulties.
Madgwicks
Challenging a liquidator's assertion that the company was insolvent at the time of the payments in question is complex.
BRI Ferrier
The videos provide small businesses with a practical insight into these changes, so as to survive post 31 December 2020.
Worrells Solvency & Forensic Accountants
The bankruptcy trustee assesses a bankrupt's income - actual for the past 12 months and expected for the next 12 months.
Worrells Solvency & Forensic Accountants
There has been significant growth in areas that do indicate a wave of insolvency appointments is likely on the horizon.
Worrells Solvency & Forensic Accountants
This law, mostly additions to various pieces of existing law, makes a new effort to stamp out illegal phoenix activity.
Worrells Solvency & Forensic Accountants
This article focuses on what is proposed for (which may change) a new debt restructuring process for small businesses.
Shaw Gidley
The NPII is a public electronic record of personal insolvency options in Australia, and can be searched for a small fee.
Shaw Gidley
Delayed corporate insolvencies and bankruptcies could flood the market when COVID relief is removed at 31 December 2020.
Worrells Solvency & Forensic Accountants
JobKeeper has helped staffing, but it has not assisted with other operating costs, particularly rent or finance debts.
Madgwicks
Temporary relief on insolvent trading for directors ends on 31 December 2020, so businesses must know their obligations.
HHG Legal Group
This case study illustrates why creditors must stay alert to signs of cash flow difficulties and to know their rights.
Madgwicks
To claim transactions are unfair preferences, a liquidator must prove that the payment is made to an unsecured creditor.
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