Posts tagged with ‘insolvency’

  • Unreasonable Director Related Transactions in Liquidations

    When a company goes into liquidation, a party to a transaction with the company may be required to repay the assets or payments to the liquidator. When might this occur? One of the situations is where there has been an unreasonable director related transaction prior to the appointment of a liquidator.   What is an unreasonable director related transaction? This [...]
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  • Can I Unwind a Winding Up?

    You are a director and shareholder of a Company and the court has just wound up your Company and appointed a liquidator. But this was an administrative oversight and you cannot afford to be associated with a liquidated Company, as it will severely affect your reputation, profession or trade and your ongoing business relationships. Can I unwind a winding up [...]
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  • The Insolvency Practitioner’s Role Under FEG

    When an insolvency occurs, the Insolvency Practitioner (IP) is usually the first point of contact for employees seeking their outstanding employment entitlements.  As an initial step, IPs should refer relevant employees to FEG Online Services to lodge a claim for an advance with the Department of Education, Employment and Workplace Relations. Beyond this initial advice to employees, what role does [...]
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  • What (is) the FEG? An Insolvency Practitioner’s Guide

    Employees whose employment has been terminated due to the liquidation or bankruptcy of their employer may be eligible for government financial assistance, referred to as an advance, intended to cover certain unpaid employment entitlements. Who is eligible? The Fair Entitlements Guarantee Act 2012 (the FEG Act) may apply to a person if their employer enters liquidation or bankruptcy on or [...]
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