Frequently Asked Questions
| General Questions | Why is our motto "Plain Talk - Straight Answers - Fast Results"? What is the difference between liquidators, trustees etc.? Who works on the files at Worrells? .. and more |
| Bankruptcy | How does someone become bankrupt? Does a bankrupt have to file a statement of affairs? Will a bankrupt loose all their assets? .. and more |
| Part X Agreements | What is Part X of the Bankruptcy Act? How do you start the Part X process? What can be included in a Part X proposal? .. and more |
| Part IX Debt Agreements | What is Part IX of the Bankruptcy Act? Who can propose a Debt Agreement? How do you start the process? .. and more |
| Voluntary Administrations | What is a voluntary administration? Why appoint a voluntary administrator? Will appointing an administrator stop a current winding up application? .. and more |
| Deeds of Company Arrangement | What is a DCA? How is a DCA commenced? What can be proposed in a DCA? .. and more |
| Liquidations | How is a liquidator appointed to a company? Can the company keep trading during a liquidation? What happens to leases in the company's name? .. and more |
| Lending Recovery | What is a controller? Who may appoint a controller? How and when can a controller help? .. and more |
| Fraud in General | What is fraud? What is occupational fraud and third party fraud? What is the difference between fraud and theft? .. and more |