When a company makes a payment to another party, usually within 6 months of entering into liquidation (but sometimes longer) there’s a good chance the payment will be clawed back by the liquidator because it’s deemed to be an unfair preference.
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In this free webinar from CreditorWatch titled Rebuilding Australia’s Construction Industry, Ginette discusses Preference Payments and Retentions, with particular reference to the construction industry.
What is an unfair preference claim and are you subject to it? In this post titled Unfair Preference Claims Ginette explains, offers advice and shares where to get ASIC’s list for defending Preference Claims.