Insights into Personal Property Security Act by Tom Gardner of Gilbert & Tobin

Simon Cathro

In this episode of The Cut, host Simon Cathro, Managing Principal of Cathro & Partners, welcomes listeners to Season 3.

In this episode of The Cut, host Simon Cathro, Managing Principal of Cathro & Partners, welcomes listeners to season 3.

This season the team will delve into the legal industry with a focus on insolvency, restructuring, and related legal matters. Simon and his guest, Tom Gardner, a restructuring lawyer from Gilbert & Tobin, discuss the complexities of insolvency law, sharing insights from their extensive experience handling various cases, from manufacturing and retail to food delivery services. Tom recounts their career journey, starting from working for Justice Black at the Supreme Court, where they were first exposed to insolvency matters, to their current role dealing with stakeholders in distressed situations.

The conversation also touches on the lighter side of legal work, including the daily responsibilities of a law clerk, right down to the critical task of getting the judge’s cappuccino.

Tune in for an informative session that sheds light on the intricacies of insolvency law and the roles of those who navigate this challenging field.

What you’ll learn about:

[00:03:36] Personal Property Securities Register.
[00:07:33] Notice board overhaul in law.
[00:11:31] Complexities of Personal Property Law.
[00:17:37] PPSR registration changes.
[00:21:28] Purchase Money Security Interest.
[00:26:27] PPSR complexities and case law.
[00:32:28] Register data points reduction.
[00:36:12] Asset detachment and financing.
[00:39:10] Reducing fraud and providing clarity.

Links:

What is provisional liquidation and how can it be used to protect creditors’ interests?

Provisional liquidation is a mechanism available to creditors or members of a company in Australia which is derived from section 472 2 of the Corporations Act 2001 Cth the Act An application to appoint a provisional liquidator can be filed any time after the filing of a winding up application

Personal Insolvency Agreement: A Complete Understanding

Introduction to Insolvency and PIAs Welcome to Cathro amp Partners 8217 guide on Personal Insolvency Agreements Before we delve into PIAs let 8217 s understand some key concepts Insolvency occurs when an individual or business can 8217 t meet their debt obligations This guide will clarify terms like 8216 debtor

Bankruptcy and its consequences

Bankruptcy is a legal status that can be imposed on an individual who is unable to repay their debts It is a process that provides relief to insolvent debtors by allowing them to seek protection from their creditors and potentially have their debts discharged There are two ways in which