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Bankruptcy statistics – more of the same
01/12/2023
Statistics
With the annual personal insolvency statistics for 2022-2023 not yet released, AFSA has released figures for October 2023, showing 951
Language please….!
28/11/2023
language
grammar
“Finally on the subject of language, the Commission staff are not to be blamed for the archaic forms of syntax
Personal insolvency numbers – July-Sept 2023
27/11/2023
Statistics
With the annual personal insolvency statistics for 2022-2023 not due until December 2023, AFSA has released a quarterly report for
“Shock horror – insolvent people don’t have many assets”
27/11/2023
assetless
While we wait for the useful annual statistics from AFSA as to dividend returns in bankruptcies in 2022-2023,* an insolvency
Insolvent trading in context
08/11/2023
insolvent trading
reckless trading
PJC Insolvency Inquiry 2022
Insolvent trading is one of the many items for review recommended by the Parliamentary Joint Committee report on Corporate Insolvency.
Annual reports 2022-2023: of ASIC – ‘a deliberate strategy of obfuscation so that the public is kept in the dark ….’? and of AFSA
18/10/2023
ASIC annual report
AFSA annual report
ASIC’s ASIC Annual Report 2022–23 has been released amidst some recent severe criticism of the quality of its annual reports
Regulation of firms offering insolvency services
17/10/2023
co-regulation
single insolvency regulator
firms
Further to my earlier post on insolvency practitioner (IP) regulation in the UK, and contrary to expectations,[1] the UK government
‘Masculinity contest cultures’, and gender imbalance?
14/10/2023
gender
PJC Insolvency Inquiry 2022
firms
Evidence before the Parliamentary Joint Committee inquiry into Ethics and Professional Accountability [1] (PJC inquiry) may assist in considering the
Insolvent Trading and Minimal Returns to Creditors in Liquidations
05/10/2023
insolvent trading
deterrence
This is a brief response to a well-researched and thoughtful article by Associate Professor Mark Wellard – Insolvent Trading: Director
Some insolvency law reform ideas from Scotland and New Zealand
28/09/2023
New Zealand insolvency
PJC Insolvency Inquiry 2022
Scotland
official receiver
“ … the state is, effectively, paying insolvency practitioners to end the life of small companies … a sub-optimal solution
The cross-border regulation of insolvency practitioners – insights from INSOL Tokyo
26/09/2023
Cross-border insolvency
practitioner regulation
I was invited to present at the INSOL International Academic Colloquium on 12 September 2023 in Tokyo on the panel
Public interest supports time extension for insolvency recovery action
25/09/2023
extensions of time
public interest
PJC Insolvency Inquiry 2022
Litigation claims brought by insolvency practitioners (IPs) are not like the usual commercial claims on behalf of a commercial, or
Cross-border regulation of insolvency practitioners – INSOL Tokyo – where are the government regulators?
17/09/2023
Cross-border insolvency
INSOL Academics
practitioner regulation
This commentary has now been updated. See The cross-border regulation of insolvency practitioners – Murrays Legal ============================================== I was pleased
Review of the Franchising Code of Conduct – and insolvent franchisors
05/09/2023
ACCC
franchises
PJC Insolvency Inquiry 2022
The federal government has announced a Review of the Franchising Code of Conduct and has issued a consultation paper of
The government halts its Modernising Business Registers Program after an independent review
28/08/2023
ATO
phoenix activity
ASIC search fees
ASIC register
The federal government has announced it will stop its Modernising Business Registers (MBR) program following independent review findings that the
PJC Recommendation – Pre-Insolvency Advisers – Part 1: summary
17/08/2023
pre-insolvency advisers
PJC Insolvency Inquiry 2022
The full article on this topic of 1800 words, for those interested, looks that the PJC Report recommendations about “untrustworthy
PJC recommendation – pre-insolvency advisers – Part 1
17/08/2023
AFCA
UK
pre-insolvency advisers
PJC Insolvency Inquiry 2022
The PJC Report on Corporate Insolvency 2023 has responded to concerns expressed about “untrustworthy pre-insolvency advisers”, those that are said
Sunlight on pre-insolvency advisers
13/08/2023
beneficial ownership
director identity number
single touch payroll
pre-insolvency advisers
Updated 14.8.23: While pondering the 2023 Parliamentary Joint Committee’s recommendations about pre-insolvency advisers, I am reminded to go back to
UK personal insolvency reforms – summary of responses and next steps
13/08/2023
Attorney-General
PJC Insolvency Inquiry 2022
Bankruptcy roundtable 2023
UK personal insolvency
In my comments of July 2023 following, I reviewed the 2022 call for evidence in the UK on reform of
Businesses are rarely neatly arranged when insolvency strikes
10/08/2023
ASBFEO
Part 5.3A
guarantees
Part 5.3B
While the government is thinking about the various recommendations of the PJC Report[1] about improving our current corporate insolvency laws,
ASIC beleaguered – updated
29/07/2023
ASIC
PJC Insolvency Inquiry 2022
Updated 29 July 2023. Given the number of current and on-going inquiries into ASIC, it is as if the regulator
Liquidator remuneration is “a perfect example of the many competing interests that arise in a liquidation” …
25/07/2023
remuneration
assetless
systems review
and is “indicative of broader systemic factors within the insolvency system itself …”. The recent PJC Report on corporate insolvency
Looking more at deregistered companies
19/07/2023
“Enforcement agencies have long been aware of the role that the abandonment [deregistration] of companies plays in illegal phoenix activity.
Thoughts on the PJC’s Corporate Insolvency Report
19/07/2023
PJC Insolvency Inquiry 2022
The Parliamentary Joint Committee on Corporations and Financial Services (‘PJC’) handed down its Report into Corporate Insolvency in Australia on
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