Article
Can you access company books and records in liquidation?
This is a summary of the rights of directors and creditors to access books and records of a company in liquidation.
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 - Article
Bankruptcy and superannuation
Article discusses about bankruptcy and possible voidable superannuation contributions.Worrells - Article
COVID-19: Insolvent trading provisions
What directors must understand about the temporary relief.Worrells - Article
Lockdown DPNs and personal liability
The ATO can use DPN provisions to force directors of a company to personally pay outstanding PAYG withholding and SGC.Worrells - Article
How early access superannuation scheme withdrawals are treated in bankruptcy
Superannuation amounts received by a bankrupt as a lump-sum payment are not divisible property in the bankrupt estate.Worrells - Article
ASIC's review of Small Business Restructuring process: Key insights
The Small Business Restructuring process is an effective way to deal with legacy debt, particularly debt to the ATO.Worrells - Article
What are Personal Insolvency Agreements (PIAs) and how can they help?
A PIA is a flexible way for a debtor to come to an agreement with creditors to settle debts without becoming bankrupt.Worrells - Article
Director Identification Numbers (DIN) – ASIC brings first action for non-compliance
ASIC has recently commenced its first prosecution of a director for failing to obtain a DIN.Worrells - Article
Closing a gap in redundancy rights for workers in insolvent businesses
Discusses the changes made by the FWLA (Closing Loopholes) Act 2023.Worrells - Article
Insolvency appointment trend unaffected by current economic climate
When COVID-19 government relief measures expire, a significant jump in personal and corporate insolvencies is expected.Worrells - Article
Limiting the scope of receivership appointments to certain assets
Using a receivership appointment as a means of negotiating with the lender.Worrells - Article
Personal insolvency statistics not what was expected
After four quarters of increases, September 2018 statistics saw a significant decline in personal insolvency activity.Worrells - Article
Tax debts arising from ATO audits
If a director shows a history of ATO compliance, it is unlikely they would be held liable for the company tax debts.Worrells - Article
The current buy-now-pay-later marketplace
The premise of these arrangements allows consumers to obtain goods/services immediately and to pay for them over time.Worrells
