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UK gearing up for major corporate liquidations in ‘unpredictable times for the insolvency sector …’
15/09/2020
Insolvency Service UK
UK
special managers UK
public interest
In what appears to be ominous but necessary preparation for the continued economic consequences of COVID-19, the UK Insolvency Service
Insolvency and debtor in possession – hospital or home care?
25/08/2020
debtor in possession
one year bankruptcy
UK
imprisonment for debt
If Joe thought he might have a serious medical condition, but did not want to go to hospital for a
Bankrupt for life?
18/08/2020
statement of affairs
discharge from bankruptcy
Articles
An Australian personal bankruptcy lasts for a minimum of 3 years in Australia – whether it is an overly committed
Can a debtor resist a bankruptcy arising from COVID-19?
14/08/2020
UK
COVID-19
creditor petitions
Articles
So far the courts in Australia have not had to deal with many creditors’ bankruptcy petitions against debtors in the
Australian SME insolvencies – the ATO as the solution?
12/08/2020
ATO
phoenix activity
regulation
single touch payroll
While the government is no doubt considering a range of options to allow the insolvency system to cope with what
New Zealand’s bankruptcy monopoly – an MP’s parting comments
06/08/2020
NZ
Reports
Official Assignee NZ
Articles
The New Zealand Official Assignee administers all personal insolvencies; it shares the administration of corporate insolvencies with the private sector.
Extension of insolvent trading concessions – flake news?
05/08/2020
disgrace
government decision making
Articles
Someone government person called Andrew is saying that the insolvent trading protections for directors will be extended beyond 25 September
Income of a bankrupt – “even accepting that chattels might … be received as income, a ship is a very different proposition”.
04/08/2020
income
divisible property
ship
salvage
An unlikely case about the salvage of a 120 year old wooden ship – the Defender – has found its
Funding of insolvency claims – the PJC inquiry: revised
02/08/2020
class actions
litigation funding
public v private
Articles
A submission by Adelaide academics in relation to insolvency litigation funding came before the Parliamentary Joint Committee on 24 July,
Cross-border proof of an Australian bankruptcy
27/07/2020
Cross-border insolvency
UK
Articles
A certificate of appointment under Bankruptcy Regulation 8.02 in relation to a voluntary bankruptcy should generally be sufficient to support
Ombudsman’s company insolvency recommendations
21/07/2020
ASBFEO
Ombudsman insolvency inquiry
Articles
The ASBFEO (Ombudsman) has asked that the government fix what is said to be a broken corporate insolvency system in
Company deregistration – government’s fast track response to assetless companies
20/07/2020
assetless companies
deregistration
Articles
Fast-tracking insolvent assetless companies through a default de-registration process was introduced, in effect, by the Insolvency Law Reform Act 2016
Protected: Australian Insolvency Losers System (in vol admin) – commercial in confidence
16/07/2020
ROCIT
Blog
There is no excerpt because this is a protected post.
Mainzeal’s NZ$36m reckless trading appeal pending; bankruptcy of director deferred
15/07/2020
NZ
safe harbour
NZ COVID-19 laws
reckless trading
Liquidators of Mainzeal with a NZ$36m judgment for reckless trading against the company’s directors have failed in an attempt to
New Zealand’s insolvency practitioner regulation regime, from 1 September 2020
03/07/2020
NZ
regulation
RITANZ
UK
A new insolvency practitioner regulation regime for New Zealand will start on 1 September 2020, according to RITANZ, only a
Powers of attorney – South Australian law reform initiative
22/06/2020
powers of attorney
Articles
The South Australian Law Reform Institute (SALRI) is examining the role and operation of Powers of Attorney in SA and whether
Gold company director cards?
16/06/2020
director identity number
Articles
Directors of companies will finally have an easy way of keeping their company details up to date when the director
Insolvency litigation funding – too much hand-holding?
16/06/2020
ALRC
class actions
litigation funding
Articles
A joint parliamentary inquiry into class actions and litigation funding has set down public hearings throughout July 2020.[1] The inquiry
Is the Australian insolvency system insolvent?
10/06/2020
IAN
Articles
Conferences
That is broadly the topic of a paper tentatively titled “the Australian insolvency system (in voluntary administration) – the s
Australian Small Business Ombudsman’s ‘COVID-19 Recovery Plan’ – ‘turnaround and insolvency’
03/06/2020
ASBFEO
MSME
Ombudsman insolvency inquiry
COVID-19
The Australian Small Business and Family Enterprise Ombudsman has issued a COVID-19 Recovery Plan, of May 2020. Within that the
Behind the UK government insolvency reforms
02/06/2020
UK
COVID-19
UK COVID-19
Articles
The Corporate Governance and Insolvency Bill has been introduced into the United Kingdom Parliament and is due for debate on
New Zealand’s COVID-19 laws on reckless trading and debt hibernation
08/05/2020
NZ
RITANZ
NZ COVID-19 laws
General
The COVID-19 Response (Further Management Measures) Legislation Bill has been introduced into the New Zealand parliament is now before the
Further Covid-19 Restructuring Survey Results – Australia
07/05/2020
Reports
COVID-19
TMA Australia
surveys
In my post of 3 May 2020, I reported on various surveys both during the COVID-19 crisis, and before. One
Australia’s temporary personal debt protection
25/04/2020
COVID-19
Temporary debt protection
General
Law & Practice
One of the ‘COVID-19’ bankruptcy reforms made in Australia on 25 March 2020 was to extend the period of a
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