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THE CREDIT CONUNDRUM AND THE PPSR

Prior to accepting an appointment as company liquidator, we always conduct a company search.  That search includes, amongst other things, a credit check report, which includes details of enquiries, defaults logged etc. Invariably these reports disclose that the company that is about to enter liquidation has a remarkably good credit score.  This leads us to […]

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SEASON’S GREETINGS AND CDKL5 RESEARCH

  The directors and staff of Dye & Co. Pty Ltd would like to wish everyone a very safe and Merry Christmas and a prosperous 2019. Following on from last year we have made a donation to the Epilepsy Foundation that will benefit CDKL5 Research in lieu of sending Christmas cards. CDKL5 is a rare […]

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DEBTS, INSOLVENCY AND DEATH

What happens when a person dies with debt levels exceeding their assets? What happens when a sole director and shareholder of a company dies? What happens when a director dies and the company is insolvent? Over the past 40 years Dye & Co has dealt with these and similar questions on a number of occasions. […]

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COMBATING ILLEGAL PHOENIX ACTIVITY

On 26 October 2017 Dye & Co Pty Ltd lodged a submission with Treasury in relation to the proposed reforms to combat illegal phoenix activity draft legislation. On 5 September 2018 N Giasoumi attended a treasury roundtable discussion on the proposed reforms. We had previously lodged in September 2017 an initial submission with Treasury in […]

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DISRUPTING PHOENIX ACTIVITY

  The term “phoenix activity” does not appear in statutes but has for many years been used to describe a sale of business assets to a related party for no consideration or less than market value with the intention of defeating creditors. The Corporations Act 2001 and its predecessors, have for decades contained laws in […]

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