Quite a saga: Creditors tried to depose administrators of failed South Australian fertiliser companies Megafert and Interfert.
Source: News Limited
LAST week the Australian Securities and Investments Commission fired a shot across the bows of insolvency companies.
In forcing Tony Matthews, of Anthony Matthews and Associates, into an enforceable undertaking arrangement, ASIC has effectively placed all insolvency practitioners on notice that creditors have every right to expect prompt, efficient, diligent and judicious action in relation to companies in financial strife.
Mr Matthews …
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