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TAG: bankruptcy
One-Year Bankruptcy Discharge
The Federal Government has gone ahead with an earlier suggestion of the Productivity Commission to make the usual time for automatic discharge from bankruptcy one year. The default period of bankruptcy will thus move from three years to one year if passed as expected by Federal Parliament Bankruptcy Amendment (Enterprise Incentives) Bill 2017, introduced […]
Section 44 of the Constitution: Expecting the Unexpected
If you place yourself, for a moment, back one year to 2016, it is hard to imagine that s 44 of the Australian Constitution would be such a cause celebre in 2017.[1] Section 44 states that ‘any person who: is under any acknowledgement of allegiance, obedience, or adherence to a foreign power, or is a […]
Kodak emerges from Chapter 11
Read my story in The Conversation at http://theconversation.com/kodaks-survival-not-a-black-and-white-issue-17825
Celtic Tiger refugees and their debt tail
As I sit in my University sabbatical office in mid-west Ireland, surrounded by the signs of an economy staggering, my office door opens and my office neighbour introduces herself and then starts, “I have a friend….” Well this friend, her husband and two children have left Ireland and gone to Australia, but they have a […]
Hide and seek or show and tell in prospectus disclosure?
Do we play ‘Hide and Seek’ or ‘Show and Tell’ with a director’s bankruptcy and insolvency history in prospectus disclosure law under the Corporations Act? It is an aim of insolvency law to provide mechanisms that assist in removing directors from the management of companies where they have been found to have been involved with […]