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Insolvency
Australia
Worrells Solvency & Forensic Accountants
The predicted uptick in insolvencies has not played out. Corporate insolvency, 2021 so far & what is next?
Worrells Solvency & Forensic Accountants
Recent government reforms failed to implement changes that would impact reduced costs & increased returns to creditors.
Worrells Solvency & Forensic Accountants
Bankruptcy reforms, the past, present & potential future.
Worrells Solvency & Forensic Accountants
Suggestions for directors on ways they can manage their exposure under personal guarantees. Links to related articles.
Worrells Solvency & Forensic Accountants
Three voluntary processes to deal with financial troubles – informal arrangements, formal arrangements & liquidation.
HHG Legal Group
The new laws combat the illegal practice of stripping a company of its assets and then winding up the stripped company.
Corrs Chambers Westgarth
A statutory demand issued between 25 March 2020 and 31 December 2020 must provide a demand period of six months.
Madgwicks
When Government relief ends (and the ATO and banks enforce repayment), there could be an avalanche of insolvencies.
Corrs Chambers Westgarth
Considers decision where liquidators failed to recover compensation despite establishing contravention of directors duties.
Clifford Gouldson Lawyers
The Federal Government has announced new legislation, which includes some significant changes to the insolvency space.
Corrs Chambers Westgarth
Restructuring & Insolvency Comparative Guide for the jurisdiction of Australia, check out our comparative guides section to compare across multiple countries
Madgwicks
If you are found to have entered into an uncommercial transaction, you may be required to pay back to the liquidator.
Corrs Chambers Westgarth
Recent liquidation case discussed including key takeaways, what happened, the decision & commentary.
Bennett & Philp Lawyers
Difficulties that businesses, directors & creditors will face with the SBR process. Includes link to SBR explanation.
Ramsden Lawyers
Discussion about recent case that considered unfair preference claims made to an unsecured creditor.
BRI Ferrier
The Small Business Restructuring laws provide a new regime to save businesses struggling out of the Covid-19 pandemic.
Ramsden Lawyers
Financially distressed businesses access a single process to restructure their debts, while owners can remain in control.
Corrs Chambers Westgarth
The liquidators applied for a court order that would extend the time to bring voidable transaction claims.
Swaab
Directors must publish a declaration on the ASIC website about company eligibility for temporary restructuring relief.
McCarthy Durie Lawyers
In 2021, it is likely that most creditors, including the ATO, will recommence their pre-COVID debt recovery techniques.
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