Pre-packs

Pre-packs

Pre- packs are just another way to save an insolvent business. They involve: An insolvent company; A valuation of that company’s  assets; An agreement being prepared and executed by the insolvent company and a new company, usually subject to a subsequent approval. The valued amount to be paid to the insolvent company by the new […]

Avoiding Litigation

Avoiding Litigation

You might be a corporation or an indebted individual in circumstances where either is involved in litigation. A solicitor can bring a stop to these Litigation costs which alone alone can send you broke. Appointments; Of a Trustee under Part 10 of the Bankruptcy Act (which is not Bankruptcy- and arrangement to avoid one) if […]

Australian Privacy Law Changes in 2014

Australian Privacy Law Changes in 2014

Australian Privacy Law Changes in 2014 On 12 March 2014 there will be some changes to the way that agencies and organisations can collect and deal with personal information. Thirteen ‘Australian Privacy Principles’ will replace the National Privacy Principles and Information Privacy Principles in the current legislation. The Australian Privacy Principles (APPs) will apply to […]

Farm Debt Mediation

Farm Debt Mediation

There are two types of mediation available under Farm Debt Mediation Act 1994 (NSW) (“the Act”). The first is creditor initiated mediation, which results from a creditor issuing a notice under the Act. The second type of mediation is farmer-initiated mediation. This is mediation where a farmer, rather than the creditor, takes the initiative to […]