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Insolvency
Australia
Worrells Solvency & Forensic Accountants
Discusses how dual insolvency appointments interact and impact creditors.
Worrells Solvency & Forensic Accountants
Discusses risks including ineligible for FEG, limited priority, inadequate qualifications and director duties & liabilities.
Worrells Solvency & Forensic Accountants
Courts are willing to give orders supporting administrators where they are seeking a strategy in the best interests of creditors.
Worrells Solvency & Forensic Accountants
Article discusses why owners should treat themselves as creditors of their own business.
Worrells Solvency & Forensic Accountants
Identifying indicators of insolvency or distress. Early assistance & intervention are key. Contains link to case with checklist.
Bartier Perry
A creditor has a right under the Insolvency Practice Schedule to request information from an external administrator.
Corrs Chambers Westgarth
The rent during administration is considered an expense "properly incurred" and ranks above ordinary unsecured debts.
Cooper Grace Ward
A 139ZQ notice can be a powerful tool for trustees in bankruptcy. They need to be taken seriously and acted on quickly.
Norton Rose Fulbright Australia
Insolvency law - limits of the COVID-19 interim measures & suggestions for deeper law reforms moving forward.
Corrs Chambers Westgarth
Discusses potential changes to the temporary insolvency laws designed for financially distressed businesses.
Madgwicks
Recommendations to the government from an insolvency expert regarding post-COVID struggling businesses.
Corrs Chambers Westgarth
This decision highlights the proper test that the Court will consider when deciding whether to terminate a DOCA.
Corrs Chambers Westgarth
Restructuring & Insolvency Comparative Guide for the jurisdiction of Australia, check out our comparative guides section to compare across multiple countries
Worrells Solvency & Forensic Accountants
A DOCA is a proposal recommended by company directors to provide creditors with a return better than a winding up scenario.
Corrs Chambers Westgarth
Liquidators seeking information from potential defendants on summons need only show that a cause of action possibly exists.
KordaMentha
This collapse of one of Germany's largest corporations should be considered today in Australia's corporate environment.
KordaMentha
Voluntary administration can be a valuable option to restructure a company into a leaner, more profitable entity.
Worrells Solvency & Forensic Accountants
Bankrupts can annul their bankruptcy by a section 73 proposal to creditors under section 74 of the Bankruptcy Act.
Worrells Solvency & Forensic Accountants
The effect of the termination of a DOCA in relation to personal guarantees provided to support the DOCA.
Worrells Solvency & Forensic Accountants
Insolvency practitioners assist to resolve various disputes which may achieve the best outcome for all stakeholders.
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