Disadvantage receiver

Article Abstract:

The implications of a Victorian Supreme Court decision regarding prominent receiver, David Lockwood, who lost the crucial court case, for receivers and creditors are discussed. Lockwood has become liable for all the debts of F&T industries as a receiver and his losing the court case has created a need for a legislation to protect the creditors as they have lost faith in the system.

Powers and duties, Debtor and creditor, Receivers (Law), Victoria, Australia. Supreme Court

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Crumbs or nothing

Article Abstract:

David Lockwood, insolvency practitioner, has run in to $6 million debts by letting the F&T Industries to trade when he was the receiver of the firm in 2001. His creditors are holding a meeting to discuss his offer of part payment of 10 cents per dollar and the ways to make him pay the full debt.

Legal services, Attorneys, Offices of Lawyers, Management dynamics, Management, Lawyers, Company business management, Bankruptcy, Company bankruptcy

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In the best interest

Article Abstract:

Certain small and medium size businesses are provided with guidelines, cautioning them of the future of the business market. With the federal election around the corner, problems of rising interest rates and red tapism have to be dealt with speedily.

Government regulation (cont), Forecasts, trends, outlooks, Government regulation, Interest Rates, Elections, Laws, regulations and rules, Forecasts and trends, Market trend/market analysis, Small and medium sized companies

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