Business, Restructuring & Insolvency Insights
Practical insights, analysis and updates from WCT Advisory's experienced financial advisory, restructuring and insolvency specialists.
Explore our latest thinking on business financial distress, restructuring, insolvency, corporate finance, taxation, business valuations, director obligations and emerging issues affecting Australian businesses.
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What is a personal insolvency agreement, and how does it work?
This article outlines the general process involved in a PIA and the risks associated specifically with the Controlling Trustee endorsing offers with insignificant returns to creditors.
PIA’s are governed by Part X of the Bankruptcy Act 1966 …
How do voidable transactions work in bankruptcy?
A voidable transaction is a transfer of property or assets owned by the debtor to a third party that causes detriment to creditors. By voiding these transactions, a Trustee can recover assets that would otherwise have been available to creditors …
Recap of WCT Advisory Services
WCT Advisory is a specialist financial advisory firm primarily concentrating on advising company directors and business owners when facing financial distress, as well as undertaking formal insolvency appointments …