Can liquidators recover payments from a secured creditor?

The Corporations Act gives powers to liquidators to recover unfair preference payments to a creditor. An unfair preference payment is where a creditor receives a payment before other creditors in circumstances where they knew, or ought to have known, that the company...

Payment by an Insolvent Debtor

When a company goes into insolvency, it can be a stressful time not just for the directors, but creditors too. Once liquidation is declared, it is the job of the liquidator to scrutinize the company’s financial records. In this process, liquidators have the right to...