Winding up a solvent company? The Pro’s and Con’s of Member’s Voluntary Liquidation (MVL) vs Deregistration

Winding up a solvent company? The Pro’s and Con’s of Member’s Voluntary Liquidation (MVL) vs Deregistration

Winding up a solvent company? The Pro’s and Con’s of Member’s Voluntary Liquidation (MVL) vs Deregistration

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Bankruptcy and superannuation:  3 cases where super might not be the asset protection strategy your clients think it is

Bankruptcy and superannuation: 3 cases where super might not be the asset protection strategy your clients think it is

While there’s an official policy on how property is treated under the Bankruptcy Act, the truth is that there’s no definitive answer. Every client’s financial circumstances are different. What we do stress is that if a client is considering bankruptcy, he or she should get professional advice on how this may affect superannuation, as soon as possible.

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Up to Four Years Before: Liquidators Recovery Powers for Unreasonable Director-Related Transactions

Up to Four Years Before: Liquidators Recovery Powers for Unreasonable Director-Related Transactions

One of the liquidator’s duties is to investigate whether the company has entered into any unreasonable director-related transactions in the four years preceding the liquidation. This has important implications in the use a director’s loan account, or when transferring assets between related entities.

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