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    How is a liquidator to deal with trust assets in a liquidation? Finally an answer is on its way
    2017-07-31

    For some time liquidators have been without a great deal of guidance as to how to approach the sale of trust assets where a corporate trustee has entered into liquidation. Generally, when such an appointment occurs, the trust deed will provide for an automatic vacation of the trustee’s position. Clearly, where a company holds assets in its capacity as trustee, it has a right of indemnity against the trust in respect of any and all debts it properly incurs in that capacity.

    Filed under:
    Australia, Insolvency & Restructuring, Litigation, Christensen Partners, Liquidation, Liquidator (law), Corporations Act 2001 (Australia)
    Location:
    Australia
    Firm:
    Christensen Partners
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