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Case
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Reference no. 9B00E004
Authors: Peter C Bell
Published by: Ivey Publishing
Originally published in: 2000
Version: 2000-03-31
Length: 7 pages
Data source: Field research

Abstract

The Hooker Group, a major Australian property developer, is in liquidation owing a significant amount to external creditors. The administrator of the liquidation of the 27 companies in the Hooker Group must decide how to share the available assets of these 27 companies among the creditors. The situation is complicated by the fact that the 27 companies have all signed a deed of cross-guarantee under which they accept all responsibility for the liabilities of all companies in the group. (A Microsoft Excel model is available for use with this case, product '7B00E004'.)
Location:
Size:
Large
Other setting(s):
1997

About

Abstract

The Hooker Group, a major Australian property developer, is in liquidation owing a significant amount to external creditors. The administrator of the liquidation of the 27 companies in the Hooker Group must decide how to share the available assets of these 27 companies among the creditors. The situation is complicated by the fact that the 27 companies have all signed a deed of cross-guarantee under which they accept all responsibility for the liabilities of all companies in the group. (A Microsoft Excel model is available for use with this case, product '7B00E004'.)

Settings

Location:
Size:
Large
Other setting(s):
1997

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