BCIPA reforms are on the agenda
The Queensland government has approved wide-ranging reforms to the Building and Construction Industry Payments Act 2004 (Qld) (BCIPA).
What is defamation?
Defamation occurs where one person communicates, by words, photographs, video, internet, illustrations or other means, material which has the effect or tendency of damaging the reputation of another. You must demonstrate that the defamation:
At any time before a bankrupt is discharged from bankruptcy, the trustee may file a written objection to discharge bankruptcy to extend the bankruptcy period.
Bankruptcy is a process where people who cannot pay their debts give up their assets and control of their finances, either by agreement or court order, in exchange for protection from legal action by their creditors.
Background to PPSA
The Personal Property Securities Act, commonly called the PPSA, now regulates personal property security interests in Australia. Before its implementation in 2009 there were over 70 pieces of legislation throughout the federal and state governments which determined the rights of creditors and debtors. The myriad of legislation led to inconsistencies between the states as to how security interests would be created and enforced.
Any payment to you as a creditor (someone the person owes money to) will depend on the amount of money that can be obtained from the trustee in bankruptcy selling the assets of the bankrupt and from any money in the bankrupt
On 9 May 2013, Sackar J of the New South Wales Supreme Court restated the principles relating to when Heads of Agreement (HOA) will be found to be legally enforceable and binding upon the parties.
