Sequestration Order and Bankruptcy Notices Explained
Sequestration Orders and Bankruptcy Notices at a Glance A sequestration order makes an individual bankrupt. An unpaid judgment does not, by itself, entitle a creditor
Sequestration Orders and Bankruptcy Notices at a Glance A sequestration order makes an individual bankrupt. An unpaid judgment does not, by itself, entitle a creditor
What Is Small Business Restructuring in Australia? The regime commenced on 1 January 2021. It is sometimes described as a “debtor-in-possession” process because, unlike voluntary
Charging Orders and Asset Seizure – The Short Answer Use seizure and sale when the debtor has identifiable, non-exempt property with enough net value to
Bankruptcy restrictions at a glance Bankruptcy restrictions are not all of the same kind. Some are positive duties, such as answering the trustee’s questions. Some
Clawback and bankruptcy do not draw a line under every transaction completed beforehand. A trustee can challenge particular payments and transfers under the Bankruptcy Act
What is a garnishee order? A garnishee order is familiar shorthand, but it is not the principal expression used in Queensland’s civil procedure rules. Under
Can You Recover a Debt If the Debtor Has No Assets? Yes. A debtor who appears to have no assets is not necessarily beyond the
How to Oppose a Summary Judgment Application in Queensland A plaintiff’s summary judgment application can be opposed successfully in Queensland where the material demonstrates a
Using Statutory Demands to Recover Company Debts A statutory demand is often one of Australia’s most effective tools for recovering an undisputed company debt because
How Bankruptcy Affects Professional Licenses and Employment in Australia Bankruptcy and employment issues are often misunderstood because bankruptcy does not automatically stop most people from
Negotiations With the Bank After Loan Default You can often negotiate with the bank after a loan default, and doing so as early as possible
Can I Obtain Default Judgment if the Debtor Does Not File a Defence? Not every debt recovery proceeding in Queensland proceeds to a contested hearing
Undervalued Mortgagee Sale: Can You Sue the Bank? An undervalued mortgagee sale can leave a borrower without their property, without expected equity, and still facing
Asset Protection and Bankruptcy Asset protection is one of the most misunderstood aspects of Australian bankruptcy law. Many people assume that transferring assets to a
Borrowers facing a mortgage default generally have two options before a lender completes enforcement: refinance the existing loan or voluntarily sell the property before a
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