Debtors get a rare second chance at a Personal Insolvency Agreement
7 April 2026 |
Nell McGill
Partner
Joint debtors have secured a rare grant of leave to execute a second authority appointing a controlling trustee, in an effort to avoid bankruptcy by way of a personal insolvency agreement.
9 May 2025
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In this update, we explore a decision that is significant for liquidators considering claims for unreasonable director-related transactions when such transactions are said to be 'for the benefit of the director'.
4 March 2025
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The outcome of this matter serves as a warning for administrators to ensure they verify that there is a valid basis for their appointment under s 436C of the Corporations Act.
15 October 2024
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This article updates our article of February 2023 in the matter of Copeland v Murace.
2 September 2024
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The ATO's tool of choice to collect debts owed by small businesses and self-employed Australians is the issue of Director Penalty Notices.
11 July 2024
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The Attorney-General this week announced a suite of measures as calls have become louder for further reform.
22 February 2024
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In this decision, the Court accepted an application to extend the Administrators decision-making period under s 443B of the Corporations Act.
21 November 2023
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We discuss the warning signs of financial distress or insolvency to look out for and the steps you can take to insulate your business from the impacts.
17 October 2023
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We consider the concept of insolvency, what corporate insolvency might look like and the steps to identify and manage insolvency when it arises.
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