Directors Liability – When Are Directors Personally Liable?
What is the Corporate Veil & When Are Directors Personally Liable? If you’re considering the option of piercing the corporate veil to recover a debt
What is the Corporate Veil & When Are Directors Personally Liable? If you’re considering the option of piercing the corporate veil to recover a debt
A de facto director and a shadow director of a company are people who are not officially appointed in the position of a director of
A bankruptcy notice is the first document served on a human judgment debtor to commence bankruptcy proceedings against that debtor. Once served, the judgment debtor
A personal insolvency agreement (PIA) is a legally binding agreement between a debtor and a creditor that aims to ensure debts are appropriately repaid. In
A director penalty notice is a notice from the Australian Taxation Office (“the ATO”) directed at a director (or directors) of a company making the
Tax debts are essentially debts owed by a business to the Australian Taxation Office (“the ATO”). These can include tax & superannuation liabilities and debts,
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
Debt recovery services in Queensland can vary depending on a number of different factors. Debt recovery services can range from informal services, all the way
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.
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 Fair Entitlements Guarantee (“FEG”) is a statutory safety net where the Australian Government will pay employee entitlements to eligible employees of a company that
Unfair loans are only unfair if the interest on the loan, or charges in relation to the loan, were extortionate when the loan was made,
Unreasonable director-related transactions occur when: There is a transaction of a company; and The transaction is a payment, conveyance, transfer, disposition of property, the issue
When is a company insolvent? A company is insolvent if it is unable to pay its debts as and when they become due and payable.
Insolvent transactions are one of the elements the liquidator will need to prove if there is an unfair preference claim or an uncommercial transaction claim.
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