Published on 04 Mar 10
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper covers:
- what does it mean to be "insolvent"?
- how to tell if an entity is approaching insolvency
- what is the difference between an administrator, receiver, liquidator or trustee in bankruptcy?
- what are some of the common tips/traps for negotiating with creditors, including the ATO as a creditor?
- what transactions can be unwound in insolvency?
- is superannuation really protected?
Current at 25 May 2009