Liquidator’s fees and expenses - Universal Distributing considered by the High Court

In Stewart v Atco Controls Pty Limited (in liquidation) [2014] HCA 15, the High Court confirmed the Universal Distributing principle that a liquidator is entitled to be paid his or her remuneration and expenses in realising assets in priority to a secured creditor.

BACKGROUND

Filed under:
Australia, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth, Liquidation, Secured creditor, Liquidator (law), Unsecured creditor, Victoria Supreme Court
Authors:
David Abernethy , Sam Delaney , Michael Kimmins , Kirsty Sutherland
Location:
Australia
Firm:
Corrs Chambers Westgarth