For those who want to know a little about this since it may have been mentioned.
Insolvency: a guide for directors
http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Insolvency_guide_for_directors.pdf/$file/Insolvency_guide_for_directors.pdf
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- insolvency/in financial difficulty 101 asic
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