Search results

Hi Daz Just be careful with the Admin paying until they have indicated. My experience with dealling with quite a few over the years is that they always try to screw you at the end. We found ourselves in the situation many times where transport co's went belly up and after admin the business...

When the creditors accept the 40c in the dollar then there is no need to declare bankruptcy as the debt is finalized with their acceptance. Really the only way he would become bankrupt is if he had personal guarantee's in place (which is possible with banks) and they go for him personally. Cheers

Pursuant to section 440C of the Act, during the administration of the Company, the Lessors of the Premises are not entitled to take possession of the Premises, while the Premises are used or occupied by, or in the possession of, the Company, except with the Administrators written consent or with...

Hi Daz Sorry to hear the bad news. Some thought re your comments are embedded. There is a silver lining in every cloud.;) How specific were the improvements that were made? Are they easily promoted as generic? Cheers