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Corrs Chambers Westgarth
Recent decision is another example of the breadth of powers of the court to manage the conduct of external administrations.
Gilchrist Connell
Recent decision highlights that funds held in a regulated trust account can be used to pay the remuneration of the liquidator.
Cathro & Partners
Practical tips that construction businesses might take in financial distress situations.
Worrells
The threat and reality of insolvency is impacting the construction industry to a larger scale than other industries.
Worrells
A company's consistent compliance history could play a major role in their ability to restructure if necessary.
Worrells
Article discusses how the VA process can minimise a director's exposure to a personal guarantee debt.
Stonegate Legal
A PIA is a legally binding agreement between a debtor and a creditor to ensure debts are appropriately repaid.
Corrs Chambers Westgarth
The case is a useful reminder of relevant principles that apply when seeking to have a provisional liquidator appointed.
Cathro & Partners
Enova companies will avoid liquidation which will facilitate a better return for creditors.
Corrs Chambers Westgarth
These two decisions point to the three reasons that will often lead to a decision to compromise a debt.
Herbert Smith Freehills
With a tightening market for capital, the ‘safe harbour' protections may be critical for Australian startups and scaleups who are unsure if they can raise more capital...
Corrs Chambers Westgarth
Recent decision reminds of the extensive powers available to courts to hold individuals accountable to a company in liquidation.
Corrs Chambers Westgarth
In recent case liquidators were granted leave to serve a summons for examination on a company based in Singapore.
Corrs Chambers Westgarth
The Court found that the impugned payments were unreasonable director-related payments, and therefore voidable.
Worrells
The most likely outcome for the Australian economy is a slow increase in insolvency appointment numbers through FY2023.
Worrells
Directors have 21 days after the date the DPN is issued to action a solution to avoid personal liability for tax debt.:
Worrells
Many business owners learn on the job, meaning key financial and cash flow management skills may be lacking.
Worrells
A prescribed process ensures a fair and equitable distribution of surplus assets of an Incorporated Association.
Worrells
Assessing a business's insolvency is necessarily a constant and ongoing analysis for directors and advisors.
Corrs Chambers Westgarth
The director of a company in liquidation was prohibited from travelling outside of NSW without the Court's prior consent.
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