Insolvency & Reconstruction: "Work It Out" May 2006

25 May 2006

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In this issue:

• Can litigation funders take priority over GEERS?
• Likely future and unliquidated losses not relevant to insolvent trading test
• Federal Court retrospectively cures defect in the convening of the second meeting of creditors
• Terminating a winding up:
  1. when subordinated creditors still around
  2. after a creditors’ trust implemented
• No favourites when apportioning
• Status of Deed Fund upon termination of DOCA
• Defending a winding up application
• Administration or Provisional Liquidation?

For a full version of this document, please download the attached PDF.




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This article provides information about topical legal issues.
Information contained in this article is intended as an introduction only and should not be relied on in place of legal advice.