Under the Programme, liquidators of companies, to which advances have been made under the FEG, will be eligible to apply for litigation funding for the purposes of pursuing recovery proceedings and other litigation activities.
The Personal Property Securities Amendment (Deregulatory Measures) Act 2015 (Cth) (Deregulatory Measures Act) will soon come into effect as an amendment to the Personal Property Securities Act 2009 (Cth) (PPSA).
A personal guarantee is a promise that is usually provided by a director of a company, making the director personally liable for the payment of money or compliance with obligations on behalf of the company.