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The recent Supreme Court decision in Elliott Harvey Securities Ltd v Raynel & Anor is a very timely reminder of the importance of ensuring that an application for setting aside a creditor’s statutory demand within the prescribed time period specified in Section 459G of the Corporations Act 2001 (i.e. 21 days after being served […]
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The festive season is over and reality is knocking on the door.
The Australian Securities and Investments Commission (“ASIC”) statistics show that February company collapses in Australia totalled 1,123, which represents an increase of 117%. This is the highest monthly insolvency figure on record, and represents a 44% […]