We are happy to announce that Melbourne partner, Matthew Jess, has recently been registered as a Trustee in Bankruptcy. Matthew is also an Official Liquidator and a member of the IPA.

Worrells now has nine Registered Trustees across its five offices, with three more applications in progress.

Our Melbourne office has been settled in its new location for a little over a month. If you are in Melbourne city and want to see the new office and meet the partners, give them a call. The new location is:

Level 12A
45 William Street
Melbourne Vic 3000

All other contact details remain the same.

Worrells holds FREE seminars on insolvency and related topics in February, May, August and November each year. Anyone interested in these topics is welcome to attend.

Details of these free seminars can be found on the Coming Events page on our web site.

Starting back in August 2004 we wrote a three part article on the 2003 decision of ASIC v Plymin. That decision was notable as the Judge listed 14 Indicators of Insolvency that he used to determine whether the company was insolvent and whether the directors should have suspected so.

by Michael Peldan

On 19 January 2010 the Federal Government announced its Corporate Insolvency Law Reform package. The Reform package is intended to deal with two very topical issues in Australia's corporate environment, the previous High Courts decision in the case of Sons of Gwalia, and insolvent trading.

by Michael Griffin

I have just finished reading a book that I found rather scary. It made the hairs on the back of my neck stand up at times and kept me from sleeping well more than once. When most people think of scary books they think of authors like Stephen King. My book was written by Jesse M Greenwald in the early 1990s.

by Michael Peldan

A creditor with any form of security against a company needs to take care when considering voting at a meeting of creditors under the Corporations Act. The creditor can run the risk of surrendering their rights to any security if they vote at a meeting for the wrong amount.

by Stuart Pfingst

A decision of the Federal Court late last year saw a director being found to have contravened the Insolvent Trading provisions of the Corporations Act, but being relieved from the liability that attaches to that contravention. The case was The Stake Man Pty Ltd v Carroll [2009] FCA 1415.

by Michael Peldan