Insolvency Laws In Australia 2022: All You Need to Know

INTRODUCTION “A person is solvent if, and only if, the person is sufficient to pay all of the person’s debts as and when they become due for payment,” according to the Corporations Act 2001. As a result, “anyone who is not solvent is insolvent.” Insolvency laws in Australia do not put into consideration an insolvent company’s …

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