About: Australian insolvency law

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Australian insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or other obligations, and matters ancillary to and arising from financial distress. The law in this area is principally governed by the Corporations Act 2001. Under Australian law, the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. Insolvency law in Australia tries to seek an equitable balance between the competing interests of debtors, creditors and the wider community when debtors are unable to meet their financial obligations. The aim of the legislative provisions is to provide:

Attributes	Values
rdfs:label	Australian insolvency law (en)
rdfs:comment	Australian insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or other obligations, and matters ancillary to and arising from financial distress. The law in this area is principally governed by the Corporations Act 2001. Under Australian law, the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. Insolvency law in Australia tries to seek an equitable balance between the competing interests of debtors, creditors and the wider community when debtors are unable to meet their financial obligations. The aim of the legislative provisions is to provide: (en)
dcterms:subject	Australian business law Bankruptcy Insolvency law by country
Wikipage page ID	47075029 (xsd:integer)
Wikipage revision ID	1120818435 (xsd:integer)
Link from a Wikipage to another Wikipage	Moratorium (law) Australian business law Void (law) Debtor Insolvency Conflict of interest Criminal law Constructive trust Corporations Act 2001 Creditor Liquidation Board of directors List of national legal systems Company voluntary arrangement Preferential creditor Australian Prudential Regulation Authority Australian Securities and Investments Commission Bankruptcy CPA Australia Administration (law) Liquidator (law) Locus standi Floating charge Insolvency law by country Bankruptcy Going concern Good faith Receivership Unfair preference Bailment Cram down Pari passu Law of Australia Trust law Australian insolvency law Business judgment rule Fiat money Financial distress Recklessness (law) Security interest Secured creditor Set-off (law) Voidable Undervalue transaction Scheme of arrangement Presumption Claw back Retention of title clause Fiduciary duty Insolvent trading Institute of Chartered Accountants of Australia Special resolution
Link from a Wikipage to an external page	http://australiandebtsolvers.com.au/blog/a-guide-to-liquidation/%7Ctitle=Guide http://levittrobinson.com/australias-bankrupt-insolvency-laws/%7Ctitle=Australia's https://www.litigant.com.au/blog/common-applications-winding http://www.mondaq.com/australia/x/79816/Insolvency+Bankruptcy/An+Introduction+To+Insolvency+Law+Part+One%7Ctitle=Australia:
sameAs	Australian insolvency law Australian insolvency law
dbp:wikiPageUsesTemplate	dbt:Citation_needed dbt:Cite_web dbt:Main dbt:Reflist dbt:Use_Australian_English dbt:Use_dmy_dates dbt:Insolvency
has abstract	Australian insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or other obligations, and matters ancillary to and arising from financial distress. The law in this area is principally governed by the Corporations Act 2001. Under Australian law, the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. Insolvency law in Australia tries to seek an equitable balance between the competing interests of debtors, creditors and the wider community when debtors are unable to meet their financial obligations. The aim of the legislative provisions is to provide: * an orderly and fair procedure to handle the affairs of insolvent companies; * to ensure a pari passu equal distribution of the assets amongst creditors; * to ensure claims against the insolvent company are resolved with the minimum of delay and expense; * to rehabilitate financially distressed companies and businesses where viable; * to engage with key stakeholders in the resolution of insolvency issues; and * providing for the examination of insolvent companies and their representatives, and the reasons for their failure. (en)
prov:wasDerivedFrom	wikipedia-en:Australian_insolvency_law?oldid=1120818435&ns=0
page length (characters) of wiki page	59894 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Australian_insolvency_law
is rdfs:seeAlso of	Bankruptcy
is Link from a Wikipage to another Wikipage of	List of airlines impacted by the COVID-19 pandemic Virgin Australia Museum of Contemporary Art Australia Corporate debt bubble Deed of company arrangement Adelaide–Darwin railway line Eagle Boys 2016 in Australia HMAS Bundaberg (ACPB 91) 2017 in American television 2017 in Australian television Ausbuy Australian insolvency law Financial market impact of the COVID-19 pandemic Undervalue transaction Wrongful trading Australian bankruptcy law
is Wikipage redirect of	Deed of company arrangement Australian bankruptcy law
is foaf:primaryTopic of	wikipedia-en:Australian_insolvency_law

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