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With over 100 years combined specialist experience in financial advisory, restructuring and insolvency, WCT Advisory truly value our clients and are dedicated to creating practical and specialised solutions to their problems.
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Understanding Voidable Transactions 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 …
Liquidators and Liquidations
This is the eighth in our series of articles at informing directors of their duties and options for small to medium enterprises if faced with insolvency. This particular article will deal with liquidations and the role of a liquidator.
A liquidator can be appointed by either a creditor (through a Court application) or voluntarily by members of the company. A liquidation can be either solvent (i.e. all liabilities are paid and there is a surplus for shareholders) or insolvent (i.e. when there are insufficient assets to pay all liabilities).
Anti Phoenix Law Passes Test
Article published in the Courier Mail Thursday, 15th September 2022.