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Insolvency News and Articles  08-02-10  Resisting A Liquidator's Claims - How to hang on to payments made to you What happens if a company which cannot pay its debts goes into liquidation, and the liquidator sends you a letter alleging that the company has been trading while insolvent and demanding that you return all the payments made to you over the past months?  08-02-10  Surviving a Statutory Demand - How to have one set aside A company served with a formal demand for payment of a debt, known as a statutory demand, has three options to avert bankruptcy action being taken.  25-02-2009  Is a Creditor's Statutory Demand for Payment of Debt left in a letter box validly served? This question was considered in the NSW Supreme Court the recent matter of James v Ash Electrical Services Pty Ltd (2008) 26 ACLC 1252.  25-02-2009  CAMAC- Issues in external administration On 11 December 2008 the Corporations and Markets Advisory Committee ("CAMAC") released it's report on issues in external administrations.  25-02-2009  Cross-Border Insolvency Act 2008 The Cross-Border Insolvency Act 2008 received royal accent on 26 May 2008 and came into affect on 1 July 2008.  25-02-2009  ATO Indemnity from Directors on being ordered to repay voidable preferences An ATO Deputy Commissioner was successful in her application to be indemnified by the husband and wife tax payers.

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