Re-naming rights of the bankruptcy regulator

“When I use a word, it means just what I choose it to mean—neither more nor less”.[1] Bankruptcy law allows the regulator to rename unclear or inconvenient legal words in the Act, or to add requirements not required by the law. The ‘declaration of intention to present a debtor’s petition’ under s 54A of the […]

Australian personal insolvencies falling in number

The number of personal insolvencies in Australia have been falling since the start of the corona crisis, which some might find odd. But it is consistent with past trends that show a lag between a financial downturn and its impact on the number of insolvencies. There is also the 6 month stay, in effect, on […]