Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now
  1. B

    Insolvency Homework Questions

    I'm doing a short insolvency course and have been struggling with a few of the questions, wonder if any of you could help me? They're multiple choice, but i'm having trouble deciding which is the correct answer. 1) Which of the following would be a debt under the definition of insolvency...
  2. F

    Moving company insolvency - what now?

    Hey everyone, I have an urgent question at hand. I just recently moved from the Netherlands to Australia and my items were delivered via Relocalty (a german company). The items were picked up mid may, arrived in sydney on september 2nd and are now already in Melbourne where I live. HOWEVER...
  3. T

    What is my liability to ATO in administration of company

    hi there i have a 'position letter' from the ATO which they arrived at after 6 months of investigation into the company I am a director of. They have asked that I accept or object or make suggestions to their position within a time frame of 3 weeks. Basically, the ATO want the company to repay...
  4. M

    NT Books on Insolvency in Australia?

    Recommendations for good books that explain the Insolvency process and types in Australia?
  5. N

    QLD Bankrupt Returning to NZ - Does Trustee Have Powers Over Me?

    Hi there, I declared myself bankrupted in 2013. An objection was lodged so that I remain bankrupted now for another 5 years as I had not contributed enough to the trustee. I am looking for a fresh start and want to return to NZ. I know I need permission to do this, however I have two questions...
  6. A

    NSW Liability to Debt and Unsecured Loan - What Happens?

    My ex-wife and I are the two directors of a Pty Ltd company which has an overdraft debt of $20,000 with an Australian Credit Union. The company is on the verge of insolvency and cannot repay the debt which has gone into arrears. My ex and I are in the midst of a property settlement and there...
  7. H

    NSW Death of Sole Director and Company Insolvency - What Happens Next?

    Sole Director/Shareholder dies and the NSW company (Pty Ltd) is almost insolvent (about to halt trading when employees leave). - The company is in too much debt (ATO and unsecured loans) to restructure/sell - The beneficiaries would not want to accept the shares and would not want to deal with...
  8. T

    QLD Insolvency and Voluntary Administration - Are Parent Companies Liable to Pay Creditors?

    I just wanted to know if a shell subsidiary company knowingly traded insolvent then went into voluntary administration, would the parent companies be required to pay out all creditors? Any help would be much appreciated.
  9. T

    VIC Employer Owes Me Unpaid Superannuation - What are My Options?

    I have been employed with my employer for over 1 year and am owed very close to $6,000 in unpaid Superannuation as well as being denied a PAYG summary so I can lodge a tax return. My employer has a history of claiming insolvency and bankruptcy and starting up new companies using a different...
  10. P

    WA Granny Flats - What Happens If Builder Becomes Insolvent?

    We signed a contract with Concept Steel Constructions in Perth for building a granny flat. Initially we signed for 80 working days, but with some other issues they sent us a variation for 200 working days, unfortunately we agreed for that with the situation we had at that time. 200 working days...