Preferential Payments

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.

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The real risks of Legal Self-help

Just like self-diagnosing medical issues can be dangerous, so too can legal self-help or trying to fix your own legal problems. It is becoming more common that people are choosing to represent themselves or take legal action into their own hands, but have they considered the real risks?

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