Insolvency - It's All About the Money
Federal Law Review, Vol. 46 No. 2 (2018)
25 Pages Posted: 13 Aug 2018
Date Written: August 10, 2018
The most desirable outcome from corporate insolvency is one that achieves the greatest return for all creditors including revenue authorities; minimises the cost of administering the system so that money is not pointlessly consumed; lessens reliance on government safety nets; and deters and punishes those who would use insolvency to their own advantage. This paper explores these intersecting priorities and argues for a new approach to insolvency administration that achieves these objectives.
Keywords: insolvency, creditors, administration
JEL Classification: K00, K22
Suggested Citation: Suggested Citation