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    Did you know: Creditors can serve statutory demands by email?
    2022-06-07

    The Corporations Act is slowly catching up to modern technology.

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Bennett, Cybersecurity, Corporations Act 2001 (Australia)
    Authors:
    Alex Tharby
    Location:
    Australia
    Firm:
    Bennett
    CATCH ME IF YOU CAN: Is service of a Bankruptcy Notice by email still valid service?
    2022-03-02

    From 1 April 2021, the Bankruptcy Regulations 1996 (Cth) (Former Regulations) were replaced by the Bankruptcy Regulations 2021 (Cth) (Bankruptcy Regulations). Whilst the various amendments introduced by the new Bankruptcy Regulations have been largely represented as minor and administrative in nature, there is one critical amendment concerning the method for service of bankruptcy notices.

    What is a bankruptcy notice?

    Filed under:
    Australia, Insolvency & Restructuring, Litigation, Bennett, Bankruptcy
    Authors:
    Rachel Ross , Monique Vincent
    Location:
    Australia
    Firm:
    Bennett
    Insolvency: End of temporary relief and start of reform
    2021-02-10

    The COVID-19 pandemic has created a number of significant challenges for Australian businesses, and it seems these challenges are not over yet.

    The temporary relief measures for financially distressed businesses and individuals that were introduced in March 2020 expired on 31 December 2020.

    Although new insolvency reforms took effect from 1 January 2021, which are designed, in part, to help small companies survive insolvency, the recent wave of COVID-19 outbreaks and the consequential restrictions and lock-downs present further challenges for Australian businesses.

    Filed under:
    Australia, Insolvency & Restructuring, Bennett, Coronavirus
    Authors:
    Marcus Pullen , Demi Swain
    Location:
    Australia
    Firm:
    Bennett
    Economic Response to COVID-19: Temporary Relief for Financially Distressed Businesses
    2020-03-23

    The Federal Government yesterday announced a package of temporary measures to assist financially distressed companies. The package is intended to allow distressed businesses (and individuals) time to weather the uncertain storm of Covid-19 and resume normal business once the immediate crisis is over.

    Each element of the package will apply (at this stage) for 6 months.

    Filed under:
    Australia, Capital Markets, Insolvency & Restructuring, Bennett, Bankruptcy, Coronavirus
    Authors:
    Nilan Ekanayake
    Location:
    Australia
    Firm:
    Bennett
    Is a Tsunami of Insolvency Coming our Way?
    2020-10-21

    Some experts suggest that, by this time next year, Australia will be awash with insolvent small to medium enterprises (SMEs) needing experienced assistance.1

    Filed under:
    Australia, Insolvency & Restructuring, Bennett, Coronavirus
    Authors:
    Roselina Kruize , Sinead Spencer
    Location:
    Australia
    Firm:
    Bennett
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