For those who have run a business, the terms receivership, administration, bankruptcy and liquidation are used widely to describe businesses that is in trouble. While these are all related to a certain degree, they are all different situations, that can result in different outcomes for business. In this article, we will discuss what it means … Continue reading Receivership
What is bankruptcy? Bankruptcy is a process whereby you declare that you are unable to pay your debts. You are removed from managing your own finances, and a trustee is appointed to manage your money and assets. When in this situation, one of the most common questions asked is, “will I lose my home if … Continue reading Will I lose my home if I go bankrupt?
Insolvency or bankruptcy – what are your options? Should you find yourself in a position where you cannot repay your debts, you may have some options to weigh up to determine the best way forward. This could include declaring bankruptcy or insolvency, however, the first step in taking control of the situation is to ask … Continue reading Bankruptcy Notice – QLD