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The records of bankruptcies in a Central Insolvency Register

As from 1 April 2017, Bankruptcy files will be held and followed up entirely electronically in the Central Insolvency Register.

Any bankruptcy that will be declared open as from 1 April 2017, has to be registered and kept in the Central Insolvency Register instead of the Commercial Courts Registry.

The Central Insolvency Register, hereinafter referred to as "the Register", is the computerized database in which bankruptcy files are registered and retained (www.regsol.be).

Belgium, Insolvency & Restructuring, Andersen, Bankruptcy
Full Federal Court appeal decision on liquidator's tax liabilities

Introduction

Australia, Insolvency & Restructuring, Litigation, Tax, Gadens, Income tax, Federal Court of Australia
Court provides direction for liquidators on tax priorities

Introduction

Does the ATO have priority over secured creditors in a liquidation? Is a receiver required to account to the ATO for any tax payable out of funds received on the sale of an asset before accounting to the secured creditor? Are receivers and liquidators personally liable for the tax payable from funds received by them? Can receivers and liquidators avoid such personal liability by distributing funds received to creditors before a tax assessment arises? These issues were at the centre of a Federal Court judgment handed down on 21 February 2014.

Australia, Insolvency & Restructuring, Tax, Gadens, Accounting, Liquidation, Secured creditor, Liquidator (law), Australian Taxation Office, Corporations Act 2001 (Australia)