Courts take a broad view of new Small Business Restructuring legislation – First appointment tests various aspects of the new processes
Well here we are at the end of March 2021 and following their introduction on 1 January, the new
This update follows on from Greg Quin’s articles from 2019 and 2020 regarding the concept of Director Identification Numbers
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If you are having difficulties managing your personal debts, bankruptcy may be the best option for you to make a fresh start
Bankruptcy is a formal process that is in force for a period of three years and one day, and may be commenced voluntarily via a process called a ‘debtor’s petition’.
Upon commencement of your bankruptcy, you are discharged from the vast majority of your personal debts, which means relief from the pressure of managing payment plans and communicating with your creditors.
During the term of bankruptcy, the following considerations and restrictions apply:
Despite the negative stigma associated with bankruptcy, the process is a way for an individual to move forward confidently, away from a past of unmanageable debt.
To speak with us further regarding whether Bankruptcy may be appropriate in your situation, please contact us on 08 9215 7900 for a cost and obligation free consultation.