Technical Insight

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.

In our article Insolvency law reform – has the time come for seismic change? released on 24 July 2023, I provided a summary of the findings from the report handed down on 12 July 2023…

As part of the 2020 Budget Digital Business Plan, the Federal government at the time announced the full implementation of the Modernising Business Registers (MBR) Program. The Legislation that enabled the MBR to proceed received Royal Assent on 22 June 2020.

In our article Insolvency law reform – has the time come for seismic change? released on 24 July 2023, Andrew Blundell discussed the findings from the report handed down on 12 July 2023 (Inquiry Report) from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into corporate insolvency in

Essential steps to protect against cybersecurity risks and avoid financial distress.

Pooling is a process where a group of two or more companies in liquidation can be determined as a pooled group by creditors or the court under certain conditions.

In the latest ARITA Journal, and off the back of being part of the panel on all things DOCAs at the NSW/ACT ARITA Conference, Principal Andrew Blundell provides his thoughts around a recent case study the team was involved with that was a bit outside the ordinary and demonstrates the

As the financial landscape evolves, businesses and corporations face the ongoing challenge of managing insolvency and restructuring processes effectively both with their own businesses and with customers or suppliers that may experience financial distress or corporate failure.

Businesses that are unable to pay their statutory debts with the Australian Taxation Office (the ATO) when they fall due may find themselves facing possible insolvency. In this article, we summarise two options available to help businesses meet their statutory obligations and mitigate the risk of insolvency.

This year has already thrown up a number of challenges for business and individuals alike. Continued inflation, rising interest rates, supply chain issues, labour shortages and extreme weather have all meant that a large number of companies have and will continue to face various challenges that can lead to financial