Commercial Litigation, Debt Recovery & Insolvency
The presumption of insolvency for unsatisfied execution is another way that a company can be presumed insolvent, or a person commits an act of bankruptcy.The most common way that a creditor can raise the presumption of insolvency against a …
The Presumption of Insolvency for Unsatisfied ExecutionRead More
Bankruptcy annulment happens in one of three ways.The first way for bankruptcy annulment is to pay all of your debts.The second way for the annulment of the bankruptcy is to compromise the debts with a creditors’ agreement.The final way …
Bankruptcy Annulment – Ending Your Bankruptcy EarlyRead More
The Fair Entitlements Guarantee (“FEG”) is a statutory safety net where the Australian Government will pay employee entitlements to eligible employees of a company that gets wound up in insolvency, or for people who have been made bankrupt.The …
Can you serve a bankruptcy notice by email?If a creditor has received a final judgment or final order the execution of which has not been stayed, and that judgment or order is more than the statutory minimum ($10,000.00), then the creditor can …
An enforcement warrant for redirection of debts is an enforcement option pursuant to the Uniform Civil Procedure Rules 1999 (QLD) (“UCPR”).An enforcement warrant for redirection of debts is a way of enforcing a judgment, enforcing a registered …
Do you need to collect debts or money owed to you?You can recover debts or money owed in the following ways:Negotiating with the debtor; Mediation or alternative dispute resolution; Filing a claim in the Court with jurisdiction; …
Do you need to set aside a bankruptcy notice?Non-compliance with a bankruptcy notice results in the debtor committing an “act of bankruptcy”.An act of bankruptcy is one of the prerequisites to presenting a creditor’s petition in the Federal …
Bankruptcy lawyers, or personal insolvency lawyers, can help a number of different parties to a bankruptcy proceeding.If a party is not able to pay their debts when they are due and payable, they are legally insolvent.If a person cannot raise …
Substituted Service of a Creditor's Petition is an application for an order that a respondent debtor who does not want to be served personally, can be served another way.A creditor’s petition is an originating process and as such is required to …
Voidable transactions in bankruptcy are transactions made before the bankruptcy which can be recovered by the bankruptcy trustee.If the bankrupt transferred assets, which the bankruptcy trustee judges to be property that would have formed part of …
Cost of insolvency can be a deciding factor when thinking about enforcing a judgment or court order. Updated for 2020 - 2021 financial year The filing fee for bankruptcy is $3,890.00 (corporate) or $1,620.00 (personal) with short form amount of …
The Advancement presumption is the idea that where a person voluntarily transfers property into the name of another, the law presumes that it was meant as a gift, and that the transferor retains no interest in the property.This can be seen …
Bankruptcy happens when a person is unable to pay their debts when they become due and payable, and a trustee is appointed to administer the debtor’s insolvent estate.You are considered insolvent if you can't pay your debts when they’re due.A …
