Bankruptcy is an accessible and readily available option for people to get out of severe debt. The eligibility criteria is minimal and the application process is as simple as providing the appropriate documents. We will explain the thresholds and criteria to help you decide if Bankruptcy is for you.
Topics: Bankruptcy, Personal Debt
For all company’s operating in our unstable modern economic landscape, it is vital to understand the differences between liquidation, administration and bankruptcy – before making any financial decisions.
Topics: Bankruptcy, Company Liquidation, Voluntary Administration, Business Debt, Liquidation
While many of us do attempt to save as much money as we can by budgeting and building funds, unfortunate circumstances do arise – sometimes without warning. This often results unavoidably in company bankruptcy or voluntary bankruptcy.
Topics: Bankruptcy, Personal Debt
One of the terms you agree to when you declare bankruptcy is to accept certain travel restrictions. This does not mean you cannot travel overseas, just a process to go through. Your bankruptcy trustee serves as the person who can give you permission to leave Australia while bankrupt.
Topics: Bankruptcy, Personal Debt
When you declare bankruptcy, you are wiping as much debt as you can from creditors to whom you owe money. Your bankruptcy trustee will act as an in-between in this compromise and help you settle your debts by selling or transferring your assets to the creditors.
Topics: Bankruptcy, Personal Debt