Case Study: PART X – A Better Outcome Than Bankruptcy
A practical explanation of when a Part X Personal Insolvency Agreement may produce a better outcome than bankruptcy.
Practical articles on bankruptcy and personal insolvency, including personal guarantees, debt issues, recovery options and formal insolvency solutions. This section is intended to help individuals and advisers understand the risks, process and available options.
A practical explanation of when a Part X Personal Insolvency Agreement may produce a better outcome than bankruptcy.
The family home is not automatically protected in bankruptcy. See how a co-owner purchased the trustee’s interest and retained the home.
A practical guide to Part X Personal Insolvency Agreements (PIAs), including eligibility, the process, creditor approval and alternatives to bankruptcy.
Learn what bankruptcy is, how the process works, what happens to assets and debts, and the role of a bankruptcy trustee in Australia.
One of the common misconceptions about bankruptcy is that assets can be protected simply by transferring them to someone else before bankruptcy.
How business failure can create personal consequences through guarantees, DPNs, director loans and bankruptcy issues.
A practical note on ATO debt, DPN liabilities and which debts may or may not be released by bankruptcy.