Liquidations

SiN 2017 – the Year in Review

The year is done, Christmas is come and for SiN it is time to replenish the reservoir of curiosity ahead of what promises to be a fascinating 2018. From next year the Insolvency Law Reform Act (ILRA) will be in full swing. Insolvency practitioners will face a world where creditors will have expanded powers. Appointees will need to get used to being replaced. Courts too…

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SVP’s Purchas motherships preferences fleet

SV Partners’ Ian Purchas has saved Bias Boating creditors more than a few bob after a judge granted him leave to consolidate claims against 23 parties he’s identified as having received potential unfair preferences prior to the company being placed into voluntary administration (VA) in August, 2014. Describing the decision of the NSW Supreme Court’s Justice Paul Brereton as “quite a big relief” the SV…