Insolvency law changes effective today January 1, 2021 By Chris Pearce It’s a new year and with that comes a whole series of new laws.Today, the Federal Government’s moratorium on insolvent trading liability (under section 588GAAA of the Corporations Act 2001 (Cth)) comes to an end, as do a series of changes to the timing and threshold amounts for statutory declarations.At the same time, the new small business restructuring regime under new Part 5.3B of the Corporations Act, and the new simplified liquidation regime, have also come into effect.If you would like to talk about a business in financial distress, please contact our insolvency and restructuring team for a chat. Post navigation Blackwall client Quantify Technology (ASX:QFY) acquires Adelaide-based GSM InternationalLiquidator entitled to sell limited partnership winery
September 1, 2022 By Chris Pearce The Cost of Abandonment – decision confirms bankrupts’ personal liability for proceedings abandoned by trustee The recent WA Court of Appeal decision in Moran v Minco Holdings Pty Ltd (In Liquidation) [2022] WASCA 93 (Moran) has confirmed that a bankrupt… Read More Case summaries