Personal Guarantees: What Assets Are At Risk?
Why Personal Guarantees Create Personal Risk If a business fails, a personal guarantee can allow a lender, landlord, supplier, or financier to pursue the guarantor’s
Why Personal Guarantees Create Personal Risk If a business fails, a personal guarantee can allow a lender, landlord, supplier, or financier to pursue the guarantor’s
What Is a Mortgagee Sale A mortgagee sale occurs when a lender exercises its contractual and statutory right to sell secured property after a mortgage
Can I Run a Business While Bankrupt? Yes, you can generally run a business while bankrupt in Australia, but significant restrictions apply. Bankruptcy does not
What Are Voidable Transactions in Company Liquidation? A voidable transaction is a transaction entered by a company before liquidation that may later be reversed by
Are Verbal Contracts Legally Enforceable? Yes. Verbal contracts are generally enforceable in Queensland, provided the essential elements of contract formation are present. Australian law does
Admissions Under the Uniform Civil Procedure Rules in Queensland Admissions under the Uniform Civil Procedure Rules 1999 (Qld) are formal or deemed concessions made in
Can You Renegotiate a Contract After Signing? Yes. Parties can generally renegotiate a contract after it has been signed. However, renegotiation is not the same
What Counts as a Breach of Contract in Queensland? A breach of contract in Queensland can range from a relatively minor failure to comply with
Stop Repossession of Your Home by the Bank To stop repossession in Queensland, borrowers must understand that mortgage enforcement is not an instant process and
Can You Exit a Commercial Lease Early To exit a commercial lease early in Queensland, a tenant usually needs more than financial hardship, business closure,
Misleading Pricing in Australia: Legal Overview Misleading pricing under Australian Consumer Law is one of the most common compliance risks facing businesses that advertise prices,
How to Defend a Possession Claim in Queensland: Introduction A possession claim in Queensland is a court proceeding brought by a lender, usually a mortgagee,
Misrepresentation in Commercial Contracts Misrepresentation in commercial contracts can expose businesses to significant legal and financial consequences when misleading statements, inaccurate disclosures, unrealistic forecasts, or
How to Respond to a Letter of Demand How you respond to a letter of demand in Queensland often depends on whether the claim is
Statutory Demands: Legal Framework and Purpose Errors in statutory demands can have serious consequences in Queensland, particularly where a company is facing insolvency pressure under
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