Bankruptcy Advice from the Horse’s Mouth

The positives and negatives of bankruptcy

Positives: – –        Commercial debts, tax debts and borrowings are permanently extinguished. –        Superannuation that has been progressively accumulated prior to bankruptcy is protected; –        Statutory superannuation paid by your employer during bankruptcy is protected; –        Household items, such as furniture and appliances are protected; –        Tools of trade to … Read more