Three year ‘imprisonment’ for bankruptcy debt

Australia has historically been seen as severe in its approach to unpaid debt and opposition to changing the 3 year period of time before bankruptcy discharge indicates that this sentiment is still strong; unless there are other agenda$ at play. As an example, the colony of Victoria was one of the last jurisdictions in the […]

Does insolvent trading work? The UK may not think so.

In the context of the review of the safe harbour provisions in Australia, there have been recent articles on insolvent trading – s 588G – itself, from which liability directors may try to seek refuge in their s 588GA safe harbour. Trying to recover money from the directors personally, instead of from the remaining assets […]