Update
on Current Administrations
From time to time, we
add links to this page providing creditors with access
to pertinent documentation relating to insolvency administrations
undertaken by O’Brien Palmer where there are a
significant number of creditors and other stakeholders
involved. Current matter(s) are shown in the table below:
Matter Name |
Document Type |
Download |
Studio
Magazines Pty Limited
(Subject to Deed of Company Arrangement) |
Notice pursuant to Section 450B(a)
28 August 2007 |
|
| Studio
Magazines Pty Limited (Administrator Appointed) |
439A Report to Creditors
7 August 2007 |
|
| Studio
Magazines Pty Limited (Administrator Appointed) |
Formal Proof of Debt Form |
|
| Studio
Magazines Pty Limited (Administrator Appointed) |
Circular to Creditors
20 July 2007 |
|
If you are a creditor
of another insolvency administration handled by O’Brien
Palmer and require information and/or advice, then do
not hesitate to contact our Sydney office on (+61) 02
9232 3322 or alternatively, email your queries to obp1@obp.com.au and one of our staff members handling the administration
will respond to you in a timely manner.
Proof
of Debt Form
If you are owed
money by a company in administration/liquidation or
an individual in bankruptcy that is being handled by
O’Brien Palmer, then if you wish to formally prove
your debt, you may download and complete the relevant
proof of debt form and return it, with all relevant
supporting documentation, to O’Brien Palmer.
Administration/Liquidation:
|
| |
Bankruptcy:
|
| |
General Employee Entitlements and Redundancy Scheme (“GEERS”)
GEERS is a payment scheme established to assist employees who have lost their employment due to the liquidation
or bankruptcy of their employer and who are owed certain employee entitlements. GEERS covers capped unpaid
wages, annual and long service leave, payment in lieu of notice and redundancy pay.
Additional information, including fact sheet and claim
forms can be obtained from the Department
of Employment and Workplace Relations.
Corporate Insolvency Information Sheets
The Australian Securities & Investments Commission (“ASIC”) has issued Insolvency Information Sheets for
directors, employees, creditors and shareholders of companies under insolvency administration. These Information Sheets are
also endorsed by the Insolvency Practitioners Association (“IPA”) and gives
you a basic understanding of the three (3) most common company insolvency administration procedures: |
• |
Voluntary Administration; |
• |
Liquidation; and |
• |
Receivership. |
| There's also a Glossary of commonly used insolvency terms. |
| Copies of the Information Sheets and Glossary can be obtained from ASIC. |
Personal Insolvency Information
The Insolvency and Trustee Service Australia (“ITSA”) has numerous publications and documents available
online concerning personal insolvency and the operation of the Bankruptcy Act, including pamphlets, fact sheets, current
statutory amounts and commonly used forms.
Copies of these publications and documents can be obtained from ITSA.
Codes of Conduct and Standards of Best Practice
The IPA is committed to the promotion and maintenance of the highest standards of professional competence and conduct of
its members.
O’Brien Palmer has an uncompromising attitude to independence and other ethical standards. At O'Brien Palmer we have adopted the Code of Professional Practice for Insolvency Practitioners issued by the IPA in December 2007.
A copy of the Code of Professional Practice can be obtained from the IPA.
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