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• Real Property. • Corporations, Insolvency and Bankruptcy.

A creditor may seek a court declaration that the debtor is bankrupt. Bankruptcy matters can also be heard in the Federal Court of Australia.
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When a company is insolvent Australian Financial Security Authority – Media release: (NSW) Hull – Bankrupt pleads guilty to three offences under the Bankruptcy Act. Wed 02 December 1 Feb 2021 Bankruptcy – COVID-19 changes. The changes, brought about by the Coronavirus Economic Response Package Omnibus Act 2020, were: The The process for making you bankrupt may begin when a creditor applies for a bankruptcy notice and serves it on you, demanding that you pay the money owed Bankruptcy is a legal process that can be declared when an individual cannot pay their debts as and when they fall due.

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Commencing proceedings. Before bankruptcy proceedings can be commenced, a Judgment for a debt must first be obtained in either the Local, District or Supreme Court against the person who owes money (the Judgment Debtor) by the person who is owed money (the Judgment Creditor).