1820 results

Fail­ing to Reg­is­ter a PPSR Secu­ri­ty Inter­est on Time – Legal Risks and Options

Intro­duc­tionTime­ly reg­is­tra­tion of secu­ri­ty inter­ests under the Per­son­al Prop­er­ty Secu­ri­ties Act 2009 (Cth) (PPSA) is essen­tial for secured cred­i­tors to pro­tect their rights. Fail­ure to reg­is­ter with­in the pre­scribed time­frames can result in the cred­i­tor los­ing pri­or­i­ty to unse­cured cred­i­tors in the event of insolvency.While cred­i­tors who have failed to reg­is­ter…