By Teigan Hutchison Summary: What happens to debts when you die? This article explores the treatment of different debts, such as HECS or education debts, outstanding tax owed to the …
Why should you care about the insolvency of someone else’s company?
By Jacob Carswell-Doherty We should all know that company directors owe a duty to prevent insolvent trading by their own company, but should you care about someone else’s solvency? There …
Bankruptcy – 9 things you must know!
What is Bankruptcy? Bankruptcy is the legal process of declaring that you cannot pay your debts. It can relieve you from an obligation to pay some or most of your …
Director risk – loans to company
Directors often lend money to their company to fund expenses; either at the startup stage or during lean times. Most of the time, the loan is simply repaid to the …
How do you wind up a company?
How do you wind up a company? Companies are wound up when they become insolvent or after they are no longer needed. This article explains the general principles involved in …
What is Bankruptcy?
By Jacob Carswell-Doherty What is Bankruptcy? Bankruptcy is a process where a person is legally declared unable to pay their outstanding debts. The result is that the state will take …
Debt agreements rise to avoid bankruptcy
By Jacob Carswell-Doherty On 11 January 2013 the Australian Associated Press published an article reporting findings that nearly 50,000 Australians have used Debt Agreements to avoid Bankruptcy in the last …