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Tag Archives: Bankruptcy
Cross Border Insolvency: Access to Australian Courts under the Bankruptcy Act
In an earlier post we discussed the requirement for Australian Courts to act in aid of or auxiliary to the corporate insolvency Courts of certain foreign jurisdictions. That is a stand alone obligation that operates outside the UNCITRAL Model Law … Continue reading
Bankruptcy and company directors
A question we are regularly asked is whether a person can remain a compny director after they enter into bankruptcy. One of the consequences of bankruptcy in Australia is that you are automatically disqualified as a company director if you … Continue reading
Joint and separate bankruptcies – order of payment
Joint and separate bankrupt estates occur usually when business partners or domestic partners jointly incur a debt and are made bankrupt by their joint creditor. The bankruptcy trustee for the joint bankrupt estates will make an investigation into what assets … Continue reading
Bankruptcy Notice Basics
A bankruptcy notice is a very powerful document and is usually the first step in the process of making a person who owes you money bankrupt. If you are owed $5,000 or more as a result of a judgment or … Continue reading