If you are shopping for solar, you may have been warned about phoenix companies which, like their namesake, are reborn from their ashes. But how much do you really know about them and, more importantly, about how to avoid them? What is a phoenix company? Although there is no legal definition of a phoenix company, the Australian Securities & Investments Commission, describes this practice as an illegal activity involving “t he intentional transfer of assets from an indebted company to a new company to avoid paying creditors, tax or employee entitlements.” In order words, phoenix companies are
