1 CPD hour
On Demand EventComplete online in your own time (Self-paced)
- $160.00 excl. GST
Understanding the different types of insolvency engagements and what they might mean for you or your client.
The webinar will provide an overview of the different types of insolvency engagements including liquidations, receiverships, voluntary administrations and creditor compromises and the processes that would lead to a business being subject to one of these regimes.
The process of appointment, functions and objectives of the insolvency practitioner will be explained with respect to each type of engagement including some of the important deadlines that directors of insolvent companies need to consider.
We will share with you some basic tools and “red flags” to watch out for when reviewing financial statements and advising clients in financial difficulty and some considerations for businesses when dealing with insolvent customers.
At the conclusion of the webinar attendees should be able to understand the differences between the various forms of insolvency engagements and the rights of company directors and creditors in each.
Attendees will gain an understanding of some of the key documents and timeframes that may lead to a company being subject to a formal insolvency engagement and the importance that statutory deadlines are followed.
Business owners and professional advisors will gain and understanding of some of the key matters that are likely to arise for an insolvent company.
This information would be useful for professional advisers who advise clients in financial difficulty, company directors, credit professionals, and creditors of insolvent companies.
ORIGINAL BROADCAST DATE
7 September 2017
Lynda Smart, Director, Rodgers Reidy