A Personal Insolvency Agreement (PIA) is a formal arrangement between an insolvent individual and their creditors to settle their debts. It is a legal alternative to bankruptcy and is governed by the provisions of the Bankruptcy A...

Extreme financial pressure is a stark reality for many Australian households in today's economic climate. With the continuing rise of interest rates, off the back of high inflation, financial distress is expected to climb. With th...

Being able to recognise when financial troubles may lead to insolvency is crucial in taking appropriate action to address the situation. But how do you distinguish between financial troubles and imminent insolvency? This article w...

In the Canadian province of Saskatchewan, a court has declared a “thumbs-up” emoji “👍” over text message was enough for a binding contract. Marianna Parry and Ella Hockley say the case constitutes precedent in a fo...

With a rise in debt recovery action amidst increased financial distress for both individuals and businesses in 2023, it is an important time to revisit the various ways in which payment of a judgment debt can be enforced. Firstly...

What is a Deed of Company Arrangement? A Deed of Company Arrangement (DOCA) is a formal framework for a company in voluntary administration to restructure its affairs, repay its debts, and potentially continue operations, offeri...