Precedents: Insolvency, Restructuring & Bankruptcy
7 starting-point precedents for this area. Each one names the law it rests on and says how far AI may help.
- Precedents in this area
- 7
- Full text
- For signed-in accounts
- Newest law stated as at
- 17 October 2026
- Guidance for this area
- Tasks and AI use in Insolvency, Restructuring & Bankruptcy
| Precedent | Kind | Where it applies | AI use | Law stated as at |
|---|---|---|---|---|
| Creditor's statutory demand (Form 509H) and verifying affidavit: drafting and service checklistStep-by-step checklist for preparing, checking and serving a creditor's statutory demand on a company, and for the debtor's 21-day set-aside window, so the demand survives a challenge. | Checklist | Australia | Red | 17 October 2026 |
| Creditor's bankruptcy notice: AFSA online application completion guidePractical guide to applying for a bankruptcy notice through AFSA Online Services: the preconditions, what goes in each part of the application, service, and the traps that defeat a later creditor's petition. | Form | Australia | Yellow | 17 October 2026 |
| Letter of advice to directors on insolvent trading and the safe harbourLetter advising a company's board on the duty to prevent insolvent trading, how the s 588GA safe harbour works and what it requires, director penalty exposure, the formal options, and the steps to take now. | Letter | Australia | Red | 17 October 2026 |
| Liquidator's letter of demand for repayment of an unfair preferenceLetter from solicitors for a liquidator to a creditor that received payments before the winding up, setting out the unfair preference case, inviting a defence with evidence, and demanding repayment before proceedings under s 588FF. | Letter | Australia | Yellow | 17 October 2026 |
| Declaration of independence, relevant relationships and indemnities (DIRRI), with appointment lodgement checklistOriginal DIRRI template for a voluntary administrator or liquidator in a creditors' voluntary winding up, covering the s 60 relevant-relationship and indemnity declarations, plus a checklist of first-week notices and ASIC lodgements, including Form 505. | Other | Australia | Red | 17 October 2026 |
| Protocol for AI-assisted review of company books and records in insolvency investigationsProtocol for administrators, liquidators and their lawyers using AI to triage company books, bank records and emails: approved tools, chain of custody, permitted and banned uses, verification before anything reaches creditors, ASIC or the court, and audit records. | Policy | Australia | Yellow | 17 October 2026 |
| AI-use verification checklist for insolvency court documents (winding-up, set-aside and recovery applications)Pre-filing checklist for originating processes, affidavits and submissions in corporate and personal insolvency proceedings where AI was used, covering the Federal Court's GPN-AI and NSW's SC Gen 23 requirements. | Checklist | Australia, New South Wales | Yellow | 17 October 2026 |
AI use levels: Green means AI can do most of the drafting and a lawyer reviews it. Yellow means AI helps in set ways and a lawyer checks specific points. Red means a lawyer does the work and AI stays out of the decisive steps.