Catchwords
Companies – Winding up in insolvency - Preference - Payments made by project manager to unsecured creditors - Payments from property subject to fixed and floating charge - Payments made after crystallisation of floating charge - Chargee took no action in relation to payments - Whether payments had effect of giving creditors a preference, priority or advantage over general body of unsecured creditors.
Words and phrases – "preference, priority or advantage".
Bankruptcy Act 1966 (Cth) – s 122(1), (2).
Companies Code (Vic) – s 451.