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Archive for September, 2016

Understanding Transactions at an Undervalue and Preferences when a Company is Insolvent

Introduction

When a company is insolvent and the Directors believe it has no future, they should be careful before entering in to transactions or making payments to creditors and stakeholders, which are not in the interest of the company.  A Liquidator or Administrator (also referred to as the Office Holder) has a duty to investigate such transactions or payments, and has the power to apply to the court to set them aside if necessary.

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