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Articles on Insolvency

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What is bankruptcy?

It’s certainly been in the news a lot this year. But is it the same for people and companies? What’s the famous Chapter 11? Is bankruptcy always the end of the road?
A Hanjin Shipping Co ship stranded outside the Port of Long Beach, California, one of many around the world. Lucy Nicholson/Reuters

Explainer: why Hanjin’s ships are stranded around the globe

South Korean Hanjin Shipping has ships and crews stranded in ports around the world as creditors and customers wait to see if the company can be saved.
The court may find Clive Palmer was a shadow director of Queensland Nickel if he is found to have been calling the shots. Dan Peled/AAP

Was Clive Palmer a ‘shadow’ director of Queensland Nickel?

Clive Palmer denies being a shadow director of Queensland Nickel, but in eyes of the law, it will be his involvement in business decisions that matters.
Cross-bench Senator Nick Xenophon wants the law to change to protect gift card holders when companies collapse. Gemma Najem/AAP

Xenophon is right to call for law reform on gift cards

It’s not good to make law changes as a knee-jerk reaction, but in the case of insolvency and gift cards, it’s time.

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