voidables experience

Some of our recent experiences:

Defending unfair preferences

We act as advisors for a creditor being pursued for an unfair preference. We prepared an expert solvency report, tested our clients’ possible defences and assisted our client’s lawyers to negotiate with the Liquidators.

Our work on this matter is representative of our extensive knowledge of insolvency and preference law and our unique strategic and tactical approach to defending voidable claims.   

Third-party preference payments

SV Voidables took lead on three complex unfair preference claims from the one appointment.

The claims were novel law.

We claimed that payments made to unsecured creditors, which occurred after the Liquidators appointment and pursuant to a sale of business agreement (pre-appointment) to a related third-party, were unfair preferences.

We prepared demands, liaised with lawyers and successfully negotiated the settlement of all 3 claims, recovering almost $1 million for creditors.

Recovering unfair preferences for a Sydney liquidator of a large steel supplier

We advised on the recovery of approximately $600,000 in unfair preferences against 3 creditors, at an average recovery rate of 99% of the quantum of the claims.

We liaised with the Liquidators lawyers, corresponded with the creditors and negotiated commercial settlements.

Investigating unfair preference for a Victorian Liquidator of a large building company

We investigated the company’s books and records and identified approximately 22 voidable transactions claims totalling $2.25 million that we considered met our requirements for recovery.

For more information on our Voidables experience, please visit our case studies page.

 

Contact our Voidables team

If you have any questions relating to our Voidables services, please contact one of our expert advisors.

 

Related Articles

Time period for unfair preference payments to unrelated creditors

 

Voidable recoveries - negotiating commercial settlements

 

Administration and liquidation: when is an individual deemed to be an employee or contractor?

 

Case update: cross-border insolvency law

 

Secured creditors, unfair preferences and Liquidators

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