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OVERVIEW: ONE YEAR BANKRUPTCY

OVERVIEW: ONE YEAR BANKRUPTCY

Fact Sheet

by Shaw Gidley18.09.19

You have probably heard about the approaching changes to reduce the three year bankruptcy period to one year. While we do not know the exact date the changes are to be implemented, one term.
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extinguished

case study

ARE RESTITUTION /COMPENSATION ORDERS EXTINGUISHED BY BANKRUPTCY?

by Shaw Gidley18.09.19

The short answer is YES they are, provided the amount payable was fixed prior to the date of bankruptcy and the Order has not been made under proceeds of crime law.
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house

case study

CAN I KEEP MY HOUSE IF I GO BANKRUPT

by Shaw Gidley18.09.19

The short answer is possibly. Equity in real property in which you have a legal or beneficial interest vests in your Trustee in Bankruptcy and your Trustee will look to realise that equity.
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WHAT DEBTS ARE EXTINGUISHED BY MY BANKRUPTCY?

case study

WHAT DEBTS ARE EXTINGUISHED BY MY BANKRUPTCY?

by Shaw Gidley17.09.19

After you are discharged from bankruptcy you are released from most “provable” debts. You are not, however, released from any “non- provable” debts.
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BANKRUPTCY MYTHS

blog article

BANKRUPTCY MYTHS

by Shaw Gidley01.09.19

Common bankruptcy myths
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7 VIRTUES THAT MAY HELP YOUR SMALL BUSINESS CLIENT IN A DOWNTURN

blog article

7 VIRTUES THAT MAY HELP YOUR SMALL BUSINESS CLIENT IN A DOWNTURN

by Paul Gidley27.08.19

The media is ripe with warnings of an economic downturn. We attempt to provide seven virtues we’ve identified that help micro, small and medium enterprise (MSMEs) endure economic recession.
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BANKRUPTS CAN EXPECT A DELAY IN THEIR TAX REFUND THIS YEAR… AND LESS!

blog article

BANKRUPTS CAN EXPECT A DELAY IN THEIR TAX REFUND THIS YEAR… AND LESS!

by Shaw Gidley31.07.19

When the federal government announced their tax offset earlier this month, many taxpayers may have expected a higher tax refund this year, however this is not the case.
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UNFAIR PREFERENCE PREVENTION BETTER THAN CURE FOR BUSINESS ADVISERS

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UNFAIR PREFERENCE PREVENTION BETTER THAN CURE FOR BUSINESS ADVISERS

by Paul Gidley30.07.19

Sometimes, getting paid by a client for accounting or legal services can be like pulling teeth. Imagine then if you finally get paid and a liquidator comes knocking demanding the money back.
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3 WAYS TO GET OUT OF BANKRUPTCY EARLY

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3 WAYS TO GET OUT OF BANKRUPTCY EARLY

by Shaw Gidley24.07.19

Typically, a bankruptcy term will automatically end 3 years and 1 day from the date the Statement of Affairs is lodged. What might not be well known is that the bankruptcy period can finish earlier.
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Blog cropped-images HOW-BANKRUPTCY-AFFECTS-MY-CREDIT-RATING.1-994-259-0-0-1563936219

blog article

HOW BANKRUPTCY AFFECTS MY CREDIT RATING

by Shaw Gidley24.07.19

There are many credit reporting agencies who will allow you to obtain a free copy of your credit report.
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INCOME CONTRIBUTIONS AND BANKRUPTCY

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INCOME CONTRIBUTIONS AND BANKRUPTCY

by Shaw Gidley24.07.19

Know the basic about your income contribution and employment while being under bankruptcy.
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blog article

VEHICLES IN BANKRUPTCY

by Shaw Gidley24.07.19

Of all the questions I am asked about bankruptcy, the effect bankruptcy has on vehicles would be at the top.
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LIFE DURING AND AFTER BANKRUPTCY

blog article

LIFE DURING AND AFTER BANKRUPTCY

by Shaw Gidley23.07.19

The decision to declare yourself bankrupt, is not an easy one to make, nor is it a decision that anyone plans for or ever wants to face.
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