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PROOF OF DEBTS:
Many of the rules of bankruptcy apply to the discharge of the company's debts: s.310. The liquidator must obviously require satisfactory evidence that a creditor's claim is properly admissible as a liability. This is done (where necessary) by a procedure for "proof of debts".
If the company is solvent every kind of debt which is legally enforceable may be admitted. If it is insolvent unliquidated claims in tort are not admissible. But the injured party may be permitted to bring an action against the company in tort so that his claim may be converted by the award of damage into a liquidated sum so long as it is liquidated when the claimant comes into prove.
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Registers and documents - registered office: The following registers and documents are also kept at the company's registered office:- i. The register of members
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Q. What do you mean by Garnishee Orders? The ATO has the power to issue garnishee orders which allow recovery of debts from a person's bank account, wage or from people who owe
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