The New Zealand Government has announced it will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to
Apart from its interest to Australian liquidators and bankruptcy trustees, the latest Corporate Insolvency Update[1] of the corporate insolvency regulator, ASIC, will be of interest
A son’s claim under the ACT Family Provision Act 1969 sought a life interest in property of his deceased mother, which had been left to
The Australian bankruptcy trustee and regulator AFSA has started to release fortnightly statistics on personal insolvencies in Australia[1] to assist in monitoring the economic and
A NSW Judge was ‘unhappy’ about delay in a solvency report being prepared for the defendant, in response to what had become a creditor’s ‘aged’
Corporate insolvency law in Australia concerning communications with creditors needs modernising, and well beyond what is available in 2020. When early cars, then termed locomotives,
ARITA – the main Australian industry body representing insolvency practitioners and lawyers – has asked the government[1] for funding to enable it to address various
There is expected to be a wave of businesses and individuals going into liquidation or bankruptcy despite the huge financial measures being taken by the
Will the current extreme crisis we confront finally stir insolvency creditor activism, but in the wrong way? or further dampen it? Just as the drum
The recent changes to Australia’s insolvency laws are being well explained by the experts. These are some comments from me both on the changes and
When a government sets up an inquiry into how to deal with the insolvency of a certain industry, the industry and those involved in it
Recent research has revealed that although the Australian Taxation Office (ATO) lost its priority in insolvencies in 1993, and was relegated to a pari passu
Around the time of International Women’s Day and more generally there is often discussion about the low proportion of women registered as liquidators or trustees
A new version of the Insolvency Code of Ethics will apply from 1 May 2020 to all insolvency practitioners in the UK. In its reliance
Australia’s bankruptcy trustees receive an average of $4,800 in administering each estate, with 63% of estates paying no remuneration at all – the government has
There is no excerpt because this is a protected post.
AFSA has produced a report on insolvency practitioner remuneration – Registered Trustee Remuneration in the Personal Insolvency System – Best practice report 2020 – offering
Journalists and accountants among others are obliged by NSW law to ‘whistleblow’ – to report to the police – if they know of the commission
A recent academic article from the UK has reviewed proposed restructuring reforms announced by the government in August 2018, although yet to be implemented. These
A Judge appointed individual liquidators to three separate companies – OT, AGM and Ozifin – rather than a common liquidator for all of them, even
This post is further updated on 26 February 2021 to reflect that ASIC filed its statement of claim against Mr Bettles on 19 February. Orders
Tipsy Cake was wound up on 12 February 2020, having had provisional liquidators appointed on 20 December 2019, who then became the liquidators. The company
My analysis below of the law of insolvency practitioner independence, written in October 2016, is reissued in February 2020 in light of the thesis of
The financial collapse of a franchisor can have a severe impact on its franchisees but a “simple fix” proposed to address that impact may not
