In most closely held groups there will be amounts owing between entities within the group or to and from family members. It is important to ensure that any loans to 'at risk' entities are appropriately protected and that assets (including loans) do not build up in the entities and individuals that are at risk. This paper outlines a number of strategies to protect loans from claims from an asset protection and estate planning perspective and considers the potential application of the Bankruptcy Act and the requirements of the PPSA legislation.
Winner – EOWA Employer of Choice for Women Citation 2009,
2010, 2011 and 2012
Winner – ALB Gold Employer of Choice 2011 and 2012
Finalist – ALB Australasian Law Awards 2008, 2010, 2011 and 2012 (Best Brisbane Firm)
Winner – BRW Client Choice Awards 2009 and 2010 - Best Australian Law Firm (revenue less than $50m)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.