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Ding Dong – Set-Off Is Gone: Absolutely Set-Off Is Definitely No Longer Available as A Defence to An Unfair Preference Claim: Decision Update
10 Feb 2023 07:38 GMT
… claims by liquidators for an unfair preference claim made under section … of voidable transaction claim including unfair preferences, uncommercial transactions, unfair loans, … an unfair preference claim being closed and potential returns to the liquidation …
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Bankruptcy laws to be reviewed amid jump in business failures
28 Sep 2022 04:05 GMT
“There has been no substantive review in 34 years of Australia’s insolvency structures. The historical moment is now, especially as Australia sees an uptick of insolvencies as pandemic-era protections wane, and businesses battle inflation and supply-chain …
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Ingkerreke Commercial in liquidation
08 Dec 2021 08:39 GMT
… controlled Ingerreke Commercial is in liquidation and is claimed to be … , but are not limited to:–
Unfair preferences – payments made to one or …
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Besieged beauty chain founder faces bankruptcy
10 Sep 2019 05:01 GMT
… claims it served a bankruptcy notice against Ms Brunoli … trustee seizes control of the bankrupt’s personal assets, including … of whether I claim bankruptcy,” she said.Liquidators were … recovered $83,750 in unfair preference payments made to a creditor …
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Convector liquidation process questioned
05 Dec 2018 07:20 GMT
… criticised the administration and liquidation process, which left … on the outcome on unfair preference claims.
In its … received distributions for the liquidation recoveries of approximately $ … .
The story Convector liquidation process questioned first appeared …
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Wagga MP calls on NSW Government to pay tradies for public housing project
25 Sep 2023 00:27 GMT
… Matrix Group Co was in liquidation – continuing their contract with the … received what the liquidator calls “unfair preference payments” from an insolvent entity …
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NSW Government department chose insolvent company to build Wagga public housing
21 Jul 2023 01:51 GMT
… before the company when into liquidation in October 2021 – at least … received what the liquidator calls “unfair preference payments” from an insolvent entity … insolvent until the date of liquidation, being 29 October 2021,” the …
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Australian Corporate Insolvency Reform: The PJCs Report Is In, So What Can We Expect Next?
21 Jul 2023 01:09 GMT
… ; and
the operation of the unfair preference provisions. This would be a … business restructuring (SBR) and simplified liquidation processes, which have received limited … to the SBR and simplified liquidation processes. Potentially, the scope of …
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Luxury cruise company investigated to determine if there was 'insolvent trading' before collapse stranded tourists
01 Feb 2023 07:42 GMT
… out of pocket after going bankrupt may be forced to repay … whether the company made any unfair preference payments.
These are payments to … have identified to date potential unfair preference payments totalling $12,500,…
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Simpler and fairer insolvency processes
30 Mar 2022 17:27 GMT
… make fairer the rules governing ‘unfair preference’ claims by liquidators. Creditors who … company they dealt with enters liquidation.
Under the reforms, transactions … with the unfair preference rules which apply under the simplified liquidation process which …