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.
Need help understanding what this means for your business?
Our team can help you assess your circumstances, understand your options and determine the appropriate next step.
When is Personal Injury Compensation Protected Property in Bankruptcy?
Personal injury compensation occupies a unique position in bankruptcy. Unlike most assets that vest in a trustee, pursuant to section 116(2)(g)(i) of the Act, compensation received for a personal injury may be protected.
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 …