A major reason people try to avoid bankruptcy is because it can mean losing your family home or other property assets you have. When you declare bankruptcy, you accept that your trustee will be selling the property to settle your debt. In some cases, you'll still be able to live in the house.
Topics: Bankruptcy, Personal Debt
This article discussions several questions you should consider asking while going through your search for business insolvency advice. There are many solutions out there, you just need to find the most ideal one for your financial situation.
Topics: Director Advice, Turnaround & Restructuring, Business Debt, small business restructuring
The recent Dick Smith company insolvency case provides a prime example of what can occur when business finances are inappropriately managed.
Topics: Company Liquidation, Voluntary Administration, Business Debt
Are you considering a Part 9 Debt Agreement? Before you decide, you should weigh up the Debt Agreement pros and cons.
Topics: Debt Agreements, Research, Informal Agreement, Personal Debt
Sometimes despite your best efforts and intentions your luck will turn and your business will start to struggle financially.
Topics: Voluntary Administration, Business Debt