Illegal Phoenix Activity

Illegal phoenix activity has become an increasingly common problem for trade creditors. Well advised directors are regularly walking away from company liabilities, only to recommence trading under a new company name.

Karl’s presentation covers:

  1. the Federal Government’s proposed anti phoenixing reforms and their likely impact on the credit industry;
  2. the impact of phoenix activity on trade creditors; and
  3. strategies for reducing the risk of loss due to phoenix activity.