Declan Lane

A Members’ Voluntary Liquidation (MVL) is a formal process of winding up the affairs of a solvent company. The members of the company, via a special resolution, decide to wind up the company…

A personal insolvency agreement (“PIA”), also known as a Part X agreement, is a formal arrangement that an insolvent debtor can propose to their creditors under Part X of the Bankruptcy Act 1966 (Cth) (“the Act”). The agreement provides an alternative to bankruptcy.

I recently spoke at the Australian Restructuring, Insolvency and Turnaround Association (ARITA) Queensland state conference on technology in professional services firms and this got me thinking about how this information may be of benefit to our Cathro and Partners network.

When will I get paid if the Company that owes me money is placed into External Administration?

The full federal court, in the recent decision of Morton as Liquidator of MJ Woodman Electrical Contractors Pty Ltd v Metal Manufacturers Pty Limited [2021] FCAFC 228 considered the provisions of…