by norlinglaw | Apr 24, 2023
There are a number of companies the Scarbro Construction Group, some of which are in liquidation. We act for creditors of Scarbro Construction. On behalf of our clients, we believe that the liquidators ought to be replaced with liquidators who have a reputation for aggressively pursuing the interests of creditors.
In this video, we outline the details of Scarbro Construction and the areas where its directors may have risk.
We also outline how the liquidators can be replaced and why that is important.
If you need advice, we offer a FREE 30-minute legal consultation where we can discuss the issues and the strategy to move forward. Book here:
by norlinglaw | Feb 5, 2021
So an insolvency practitioner has been appointed. So who pays his bills? The creditors? The person who appointed? The shareholders? Or?
In this video Brent Norling gives a quick rundown of who is required to pay the practitioner’s fees in order to get the result that is sought.
The first thing to understand is the difference between different kinds of appointment. For example, a receivership vs a liquidation. Different appointments will attract different obligations.
As you can expect, the person who pays, has the say. So its important to understand who is paying the insolvency practitioner so you can have an insight as to who will be at the decision making table.
If you need assistance with an insolvency matter, we offer a FREE 30-minute legal consultation. You can book here:
by norlinglaw | Feb 2, 2021
If you find yourself in the unfortunate position of being owed money from a company in liquidation, then this video is for you.
When a company is liquidated there is a priority regime that must be followed when it comes to distributing the assets. In this video Brent Norling breaks down that regime and explains the reasons why some creditors have priority over others.
The liquidators don’t have a choice as to who they pay. They must follow the rules set out for them by Parliament.
Further, Brent explains what a liquidation means for the general pool of creditors. There are many different factors which go into who ranks higher on the priority regime. Whether that be security agreements or funding arrangements.
There are ways to leap-frog above other creditors within a liquidation.
If you need advice, we offer a FREE 30-minute legal consultation where we can discuss the issues and the strategy to move forward. Book here:
by norlinglaw | Feb 2, 2021
If you are owed money from a debtor company, there are two reasons why you should consider initiating liquidation proceedings.
However, commencement of liquidation proceedings is a great strategy to obtain payment from a debtor company.
Payment is the goal.
However, the commencement of liquidation proceedings is a great strategy to obtain payment from a debtor company.
Here, Brent Norling discusses the two reasons why you ought to consider commencement of liquidation proceedings.
Brent discusses the ‘squeaky wheel’ strategy and the benefit of removing the option for voluntary liquidation.
Hope is not a strategy. So, if you are serious about collecting money owed to you, we offer a FREE 30-minute legal consult if you learn how to take matters into your own hands:
by norlinglaw | Jan 25, 2021
If you receive a statutory demand, it triggers some very onerous timeframes for you to take action, especially if the debt is disputed.
There is a tendency to ignore the demand for a couple of weeks. That is a bad idea.
So in this video, we discuss what to do if you receive a statutory demand.
In this video, Brent Norling discusses the steps the business owner ought to follow to ensure no onerous consequences follow.
If the debt is disputed, there is a process to set aside the statutory demand that can only be taken in tight timeframes.
If you find yourself in this situation, we offer a free 30-minute legal consultation where we can discuss the issues and the best strategies to move forward. You can book here:
