Warning: call_user_func_array() expects parameter 1 to be a valid callback, no array or string given in /home/fsiacoma/public_html/wp-includes/class-wp-hook.php on line 286

+61 (2) 9290 3330

enquiries@fsia.com.au

Guidance for Secured Creditors

Insolvency law and practice is a complicated area. The foundations of insolvency law come from the Corporations Act and the Bankruptcy Act. Laid on those foundations is a very large body of case law and rulings from professional bodies such as the Institute of Chartered Accountants and the Insolvency Practitioners Association. Further, major creditors, such as banks, operate under their own Code of Practice.

On top of all the above lay the commercial realities of negotiation between conflicting commercial interests in an environment of imperfect information.

The situation for a Secured Creditor is clearly better than that of an unsecured creditor in a large insolvency. But there are traps for Secured Creditors.

Our professionals at FSIA have had many years of experience in Australia and internationally in dealing with the complex situations that arise in large insolvencies. We have provided some guidance for secured creditors on specific areas where we regularly receive queries:

* The Value of a Fixed and Floating Charge
* Pitfalls in Liquidations for Secured Creditors
* Secured Creditors Position in Voluntary Administrations

FSIA’s mission is to represent individual creditors to optimise their recovery from insolvent clients. Please contact us if you have specific queries.