Following a slowdown due to COVID-19, the ATO is now actively pursuing legal action by way of winding up applications and the registration of credit defaults leading to more insolvency appointments, and in turn, a noticeable rise in unfair preference claims by liquidators.
In this video, Principal Nicholas Boyce highlights the importance of acting quickly in insolvency scenarios to protect creditors’ rights and security and shares a case where we assisted a client in recovering goods supplied to an insolvent residential building company and negotiated with the liquidator for resale.
Nick also covers the rise in unfair preference claims by liquidators and advises clients to engage early, respond promptly, and negotiate better outcomes rather than ignoring the claims.
Our deep understanding of the legal landscape and proven negotiation skills ensure that our clients’ interests are protected, and their exposure is minimised.
If we can assist in any way, please contact our team on 1300 757 534 to arrange a no-obligation consultation.
