Insolvency
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In this guest post from BBW Lawyers, gain an insight into what the new bankruptcy measures mean for you and what you can do now to help protect your business during the uncertain time created by COVID-19.
All businesses are struggling during the coronavirus pandemic and it can be difficult to know what advice you can trust. John Morgan and Ginette Muller share their expert opinion on what directors can do to help preserve their business' value.
Here’s a Fun Fact Who would have thought that a line marked around the hull of merchant ships could be such a lifesaver? In the late 19th century, Samuel Plimsoll, a merchant and shipping reformer, became increasingly concerned about the loss of life caused by the overloading of ships. He devised the Plimsoll line, a […]
Don't let a debtor break your heart. In this guest post from Ledlin Lawyers, you'll learn the five signs that will help you stay ahead of bad debt and ensure you get paid.
Compliance with the PPSA is important The PPSA was introduced to ‘level the playing field’ between unsecured and secured creditors on the insolvency of a customer. By far the greatest benefit of the PPSA is its ability to create security in the goods you sell. The PPSA now allows you to truly retain the title […]
Receivership, administration, debt agreement, liquidation, bankruptcy and insolvency. These all mean the same thing, don’t they? Kind of. Unless you work in the insolvency industry it can be easy to confuse these terms. This article aims to explain each term so if you ever come across it you know what it means. Insolvency Insolvency describes […]
Recap the most important points of our PPSA webinar Our recent webinar featuring Paul Mead (our CreditorWatch PPSR expert) and Terry Ledlin (Special Counsel of Ledlin Lawyers) was a great success and one of our most attended webinars ever. In case you missed it, the Personal Property Securities Act (2009) (PPSA) requires you to think […]
Prevent being affected by phoenix activity The federal government has recently introduced a “new” hotline for anyone to report businesses that they believe are undertaking phoenix activity. This comes as a 2018 report from PricewaterhouseCoopers, funded by the government, revealed that the estimated annual cost of phoenix activity was now $5.13 billion dollars. In 2012, […]
Decipher the terminology of the Personal Properties Security Act The Personal Property Securities Act (PPSA) can be very confusing for lawyers and even more so for the average person. The PPSA is designed to allow personal property (not real estate, but goods, chattels and certain rights) to be used as security for a financial transaction. […]