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Australian insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or other obligations, and matters ancillary to and arising from financial distress. The law in this area is principally governed by the Corporations Act 2001. Under Australian law, the term insolvency is usually used with reference to companies, and bankruptcy is used in relation to individuals. Insolvency law in Australia tries to seek an equitable balance between the competing interests of debtors, creditors and the wider community when debtors are unable to meet their financial obligations. The aim of the legislative provisions is to provide: * an orderly and fair procedure to handle the affairs of insolvent companies; * to ensure a ''pari passu'' equal distribution of the assets amongst creditors; * to ensure claims against the insolvent company are resolved with the minimum of delay and expense; * to rehabilitate financially distressed companies and businesses where viable; * to engage with key stakeholders in the resolution of insolvency issues; and * providing for the examination of insolvent companies and their representatives, and the reasons for their failure. ==Insolvency== A person is legally insolvent if they are not able to pay all their debts, as and when they become due and payable.〔(【引用サイトリンク】title=Corporations Act 2001 (Cth), section 95A. )〕 Solvency and insolvency are defined so as to be mutually exclusive.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Australian insolvency law」の詳細全文を読む スポンサード リンク
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