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Recorded Webinars

Recorded Webinar: Staying in the Game: Permissible Roles and Responsibilities following Bankruptcy

The decision to enter bankruptcy results in a trustee being appointed to manage the process on behalf of the individual. At the time, the bankrupt may also have various roles in business structures separate from their own personal assets and financial arrangements. This session lo
PRESENTED BY Jim Johnson Barrister - Frederick Jordan Chambers , Sydney

Date/Time

About the Webinar

The decision to enter bankruptcy results in a trustee being appointed to manage the process on behalf of the individual. At the time, the bankrupt may also have various roles in business structures separate from their own personal assets and financial arrangements. This session looks at what type of roles a bankrupt may be engaged in and which of those roles they may need to stand down from, including:

  • Can you continue as a company director, secretary or shareholder when bankrupt?
  • What notifications does ASIC require?
  • What if the bankrupt is a director of a corporate trustee for an SMSF?
  • Can a bankrupt continue as:
    • an appointor of a trust?
    • a beneficiary of a trust?
    • an individual trustee?
  • Who takes over the roles that a bankrupt is forced to retire from?
  • What is the effect on the roles, if, as an alternative to bankruptcy, a personal insolvency agreement is entered into?
  • What are the penalties for not resigning from roles where required?
  • When can a bankrupt resume roles they have resigned from?

Presented By

Jim Johnson
Barrister, Frederick Jordan Chambers Sydney, NSW

With over 40 years’ combined experience as a barrister and solicitor, Jim brings a wealth of knowledge and experience to the resolution of his clients’ disputes. While his core areas of practice are insolvency and bankruptcy, Jim has also acquired considerable experience in administrative law, building and construction, commercial and corporations law, equity and real property, succession and family provision matters.

He regularly appears in matters concerning general commercial and contractual disputes in an insolvency-related corporate or individual context, for a wide variety of clients including trustees, liquidators, administrators and debtors. He commonly appears in the Federal Court of Australia, the District Court of New South Wales and the New South Wales Civil and Administrative Tribunal (regarding professional misconduct relating to solicitors). Jim’s expansive practice also extends to appearing in appellate jurisdictions, such as the Full Federal Court of Australia and High Court of Australia.

Who Should Attend?

This webinar is suitable for lawyers and accountants practising in insolvency law - Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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