A winding up vs an administration – s 440A(2)
The situation where a creditor applies for a winding up of a company under the Corporations Act, and while that is pending, the directors appoint an administrator under Part 5.3A, has led to some odd law, under s 440A(2) of the Act. Broadly, the one petitioning creditor’s intent to wind up the company will often […]
Insolvency statistics 2023
Each of our insolvency regulators, ASIC for corporate, AFSA for personal, has issued its statistics for 2022-2023 right on the eve of Christmas,[1] each presenting its [2] separate perspectives, with few connections offered, for example in relation to small business insolvencies. [originally issued 24.12.23; updated 30.12.23]. Personal insolvency Some brief* points are: There were just […]
