Insolvency

Receivership/Administration/Liquidation. What’s the difference and how does it affect creditors?

The appointment of an insolvency practitioner to a debtor usually strikes fear into the hearts of creditors, as it is considered to mark the death of the company with zero return o…

Retention of title – weaknesses and reforms

Will your safety net catch you or tear apart when tested? While an effective RoT clause can be your saving grace if you are unfortunate enough to deal with defaulting and/or ins…

Expanded rights for retention of title creditors

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Court terminates voluntary administration on application of minority creditor

The voluntary administration regime offers great flexibility. This leaves it open to abuse by directors and related entities seeking to avoid legitimate debts, scrutiny of their co…

Court permits a set-off against a liquidator’s unfair preference claim for unpaid debt

In a significant win for creditors, the District Court of Queensland recently applied a set off for unpaid debts owed to a creditor against a liquidator’s claim to recover sums a…

$4 million of preference claims resolved for 4%

Results Legal has an established reputation for successfully defending unfair preference claims on behalf of trade creditors. In recent a 12 month period, our team successfully …