Published on 21 Jul 04
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper examines asset protection and succession planning issues to be addressed as part of the restructure including:
- asset protection including consideration of the proposed anti avoidance changes to the Bankruptcy Act
- the role of the professional advisor when insolvency looms
- succession planning
- estate planning.
This paper was also presented by Daniel Fry at the Roadmap to Business Restructures seminar held in Perth on 27 August 2004.
This paper includes updates made by the author for presentation at the Roadmap to Business Restructures seminar held in Sydney on 26 October 2004.
Michael specialises in corporate and personal insolvency law. Michael acts for Australia's leading banks and secured lenders and for liquidators,administrators and receivers advising in all aspects of corporate insolvency and workouts. He has also conducted some of Australia’s most complex bankruptcy cases. Michael regularly advises boards and directors of listed and unlisted companies in relation to their duties upon insolvency and the restructuring of financially stressed businesses. For the past four years Michael has been named in "Best Lawyers •Australia" in the Insolvency and Reorganisation category, being named Best Lawyer •Victoria for that category in 2012. He is a member of the Insolvency Practitioners Association of Australia
and of the Insolvency & Reconstruction Committee of the Law Council of Australia and the co-author of a chapter of Personal Property Securities in Australia published by Lexis Nexis.
- Current at
01 May 2008