When a company goes into liquidation, it is the obligation of its liquidators to inspect the financial records of the company. They have the right to investigate payments made by the company and to determine whether any of these payments are unlawful or otherwise unauthorised. An example of an unlawful payment is where the payment is a “voidable transaction” under the Corporations Act.
How to recover bad debt. A healthy cash flow is important to all businesses, but it can only be adequately maintained if your debts are
We are gradually seeing more cases coming through regarding the PPSA (Personal Property Securities Act). A recent case that was handed down in September, Auto
We have found over the past few months many of our clients are contacting us to discuss insolvency. This comes as no surprise, given the
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