Description: A statutory demand is a legal demand issued against a company, demanding that the
It’s a Matter of “Trust”
Legend (okay, Wikipedia) has it that the history of trusts in English common law can be traced back
The Misconception of Limited Liability
Case 1: MASON V LEWIS Mr and Mrs Lewis were minority shareholders and also directors of a printing
Regulation of Insolvency
The practice of insolvency in New Zealand is remarkably unregulated. The Companies Act stipulates
Is Your Company Solvent? – Risks for Directors and their Accountants
A company is usually deemed to be solvent if the assets are greater than liabilities but there are
Where does the money go, and how do liquidators get paid?
How liquidators distribute funds depends on where the money came from in the first
Personal Liabilities of Liquidators, Receivers and Administrators
One of the joys of working in insolvency is the personal liability that attaches to much of what we
Personal Guarantees
There are three elements that a Personal Guarantee needs. Must be explicit It is not