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:
BCD RESOURCES NL
Report to Creditors 8th December 2017 (PDF)
BCD Resources NL (Subject to a Deed of Company Arrangement) ACN 057 793 834
ASSOCIATED FOOD GROUP PTY LTD
Notice of Court Orders 27th June 2017 (PDF)
Associated Food Group Pty Ltd (Administrators Appointed) ACN 606 993 499 Trading as Munch Express, Muncherry, Munch Canteen & Breadwinner
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 firstname.lastname@example.org and one of our staff members handling the administration will respond to you in a timely manner.
PROOF OF DEBT FORMS
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.
FAIR ENTITLEMENTS GUARANTEE (FEG)
FEG 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. FEG 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.
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 the Australian Restructuring, Insolvency and Turnaround Association (“ARITA”) and gives you a basic understanding of the three (3) most common company insolvency administration procedures:
- Voluntary Administration;
- Liquidation; and
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 Australian Financial Security Authority (“AFSA”) 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 AFSA.
CODES OF CONDUCT AND STANDARDS OF BEST PRACTICE
ARITA 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 (ARITA) in December 2007.
A copy of the Code of Professional Practice can be obtained from the ARITA.