Article
139ZQ Notices (about transfer of real property prior to bankruptcy): Do they really work?
The notice requires the recipient of recently transferred property to pay to the bankrupt estate the property value.
Worrells
- Article
A formal restructure saves family business
Advisors must remain vigilant, with advice from the right people, who are registered liquidators and bankruptcy trustees.Worrells - Article
An insolvency practitioner's view on the upcoming 2024-25 Federal Budget
Early consultation with insolvency advisors is recommended for struggling businesses.Worrells - Article
Ruining your running account defence
In this situation, a creditor seemed to inadvertently forfeit their ability to maximise the application of this defence!Worrells - Article
The principle of fairness in insolvency appointments
Recent insolvency examples that highlight the challenges of fairness to one party while being fair to all.Worrells - Article
ATO debt forgiveness
Individuals in serious hardship can seek ATO debt release, but companies cannot & must rely on interest or penalty remissions or insolvency options.Worrells - Article
Business owners: Mental health and decision making
The stress of running a business, failing and amassing debts, could cause emotional, mental, or physical impacts.Worrells - Article
How two deeds of company arrangement (DOCAs) restructured company debt effectively
The companies returned to a solvent position, due to the effective and strategic use of the DOCA process.Worrells - Article
Using a deed of company arrangement (DOCA) to fix a trading crisis in a hospitality business
The Colac RSL provides locals with a hospitality and gaming venue and local war veterans receive their welfare services.Worrells - Article
The effectiveness of the safe harbour regime: Have directors-ships pulled into the harbour?
The safe harbour laws provide company directors with an opportunity to explore restructuring opportunities.Worrells - Article
Common mistakes in dealing with company tax debt
Discusses 3 tax traps & tips to avoid overpaying tax.Worrells - Article
Corporations Act adapts to COVID-19 social distancing
These Corporations Act changes provide the mechanism for using technology for meetings and executing company documents.Worrells - Article
Regulation matters for company directors are heating up
This article discusses four areas of company regulation that Australian directors should be aware of.Worrells - Article
Your Personal Property Security Registration may be expiring!
Registration cannot be renewed and extended once it expires so you need to regularly review registrations and expiry dates.Worrells - Article
Distributing surplus assets when winding up an incorporated association
A prescribed process ensures a fair and equitable distribution of surplus assets of an Incorporated Association.Worrells - Article
Ipso facto insolvency law reform
Recent legislative changes are the beginning of the end for automatic contract termination due to an insolvency event.Worrells - Article
Personal guarantees and Deeds of Company Arrangement (DOCAs)
The effect of the termination of a DOCA in relation to personal guarantees provided to support the DOCA.Worrells - Article
Real property, co-owners and bankruptcy
There are many factors to be considered for a range of parties' interests in real property subject to a bankrupt estate.Worrells - Article
The importance of strategic plans
Tips to assist with the preparation and implementation of a strategic plan for a business.Worrells - Article
Challenging the ATO on a garnishee notice
Article discusses five reasons why it considers that a sale from a share registry is exempt.Worrells
