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Catching the Phoenix: voluntary administration and Part 5.3A of the Corporations Act
Record ID:
24988
Format:
LIJ Article
Year:
2006
Author:
Andrew, Romauld ;
Source:
LIJ (2006) 80 No 6
Date_of_entry:
01/08/2006
Legislation:
Corporations Act Pt 5.3A
Notes:
Part 5.3A of the Corporations Act provides protection for creditors of failed companies where 'Phoenix' activity is suspected. Part 5.3A provides a useful means for companies which are experiencing cash flow problems to avoid a complete collapse and give some return to creditors.
Section:
Feature
Month:
June


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