Australia's leading provider of affordable DIY legal kits
Call our Customer Care Specialists on 1300 728 200
   

Legal Forum

Welcome to the FREE AussieLegal Forum

This FREE legal forum is supported by participating lawfirms in your local area.
The information contained in this public forum, and any comments made by the administrators, it's appointed mediators, or members of the public are of a general nature and may not be regarded as financial or legal advice in any way. We recommend that you seek formal advice from a practicing solicitor or licensed financial advisor regarding your particular situation. By registering to use this forum you meet the above criteria and agree to abide by all of the above rules and policies.

To be sure we provide you with the most relevant information to your state, please let us know which state you your legal matter resides in:

ACT  NSW  NT  QLD  SA  TAS  VIC  WA  

AussieLegal recommends this law firm:

  FAQ FAQ  Forum Search   Register Register  Login Login

Beware of shonky liquidators

 Post Reply Post Reply
Author
  Topic Search Topic Search  Topic Options Topic Options
boony View Drop Down
Senior Member
Senior Member


Joined: 15/April/2009
Location: Australia
Posts: 502
  Quote boony Quote  Post ReplyReply Direct Link To This Post Topic: Beware of shonky liquidators
    Posted: 30/August/2011 at 10:05
ASIC has cancelled the registration of one NSW-based liquidator and required a second to enter into an undertaking, under section 1291 of the Corporations Act 2001 (the Act), after the liquidators consistently failed to disclose conflicts of interest in more than 100 administrations to which they were appointed.

ASIC acts against official liquidators

hethdotzip View Drop Down
Groupie
Groupie
Avatar

Joined: 06/August/2008
Location: Australia
Posts: 44
  Quote hethdotzip Quote  Post ReplyReply Direct Link To This Post Posted: 04/September/2011 at 12:19
Thanks for this info. Have now done a trace on the liquidation
my company is supposedly connected too. Although think I have made
a deft side-step by re-allocating past invoices as paid. If necessary
I will be pleading the confusion from all the hidden parent companies
and specific former names being connected to 2 different ACNs.

Good to gather all the facts re these liquidations. Are there an true positive purpose for liquidations ie. not to avoid paying others.

Heather

hethdotzip View Drop Down
Groupie
Groupie
Avatar

Joined: 06/August/2008
Location: Australia
Posts: 44
  Quote hethdotzip Quote  Post ReplyReply Direct Link To This Post Posted: 12/September/2011 at 13:12
New changes to tax law to counter phoenix activities starts on the 1 of July 2011.

This liquidator I know has actually liquidated after this date, and has a stream of creditors though they first off said it was only the ATO they owed. Look further in and they tell you there are more creditors.

They are liquidating the company belonging to my client, who are obviously doing phoenix activities, looking at all the ASIC stuff.

Shall I go say to them "look here you guys you are doing something illegal there according to new law in on at start of this financial year re banning phoenix activities due to it wrecking the economy.
Pay me up in full straight away, without any arrangements, to avoid going to court in near future where it will all come out anyway, and I wont dob you in". Well I could add "you bastards!" but I wont.
How gutsy does it have to be to reach these shonks?


 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Want to save money?

Check out our list of do-it-yourself legal kits.

Need formal advice?

Let us help you find a lawyer who specializes in your particular area of law.

Need further information?

Visit our legal forum where you can ask questions and search for similar topics.