RSM provides professional corporate insolvency solutions and advice to help focus on recovery and reconstruction and add value to your work and your relationships.
Whether it's liquidation, receivership or voluntary administration, with RSM corporate insolvency solutions, you can be confident that you have all the professional support you need for your corporate insolvency matters.
A recent decision by a Victorian Court may settle the confusion associated with the appointment of a liquidator to a corporate trustee of a trading trust.
Robson J in Re: Amerind has chosen to follow aspects of Brereton J’s decision in the (NSW) case of Re: Independent Contractors which attracted a degree of criticism at the time.
Most directors should be aware that they may be made personally liable for any unpaid debt their company incurs while it is insolvent.
In February’s newsletter, we gave an introduction to insolvency as well as some tips on how to avoid it.
To remain viable, any company needs to ensure that it is able to meet its debts when they are due, and to allow enough working capital for future financial obligations.
Once a company can not pay its debts as and when they fall due, it is said to be insolvent.
The Australian Securities and Investment Commission (ASIC) has demonstrated a continued commitment to investigating and prosecuting professional advisers who aid in breaches of director duties, or who are involved in phoenix activity.