COVID-19 Practice Update

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Dear Valued Clients,

As you are aware the COVID-19 situation unfolding worldwide is having unprecedented impacts on interpersonal interactions and business functions.

While our office is currently endeavouring to function as close to normal as possible, we anticipate the possibility that there will be significant disruptions to some services that may affect your transaction. We have stopped attending face to face meetings in our office for any matters that can be dealt with by telephone or video conferencing. Should you need ...

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Proofs of Debt – Should a Secured Creditor Lodge One in a Liquidation?

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If you are a creditor of a Company placed into Liquidation, but you are holding a security such as a mortgage or Personal Property Security Act charge over property of that Company, you should take legal advice before you respond to a request by the Liquidator to lodge a proof of debt.

Section 554E of the Corporations Act, provides for a secured creditor to surrender their security and prove for the whole debt balance, or realise that part ...

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