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January 9, 2017Comments Closed

What can I keep when I’m Bankrupt – The bankruptcy means test.

Posted by:Charles Bosse

Any time individuals worry about Bankruptcy, they worry about how it will affect their day-to-day lives, and whether they will be able to keep their house, vehicle, tools, and other essential belongings. Among the ways that we can figure this out is by utilizing the insolvency means test. It is something that we take our…

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January 4, 2017Comments Closed

The top 3 concerns you are likely to have with Bankruptcy in Australia.

Posted by:Charles Bosse

If you are swamped by debt and you are checking out at Bankruptcy, there are normally 3 effects you need to look at to begin with. Income Loss For the 3 years you are generally bankrupt you may have to contribute some of your income back toward your debt despite being bankrupt. (see table below)….

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December 15, 2016Comments Closed

Bankruptcy in Australia – Concerned about what will happen to your business?

Posted by:Charles Bosse

Among the biggest concerns we get whenever it comes to Bankruptcy is if you will lose your business if you declare bankruptcy. The short answer is no, you are unlikely to lose your small business except if you want to. When it comes to Bankruptcy, if you are a manager of a company any shape…

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December 2, 2016Comments Closed

Bankruptcy in Australia – Worried about losing your home?

Posted by:Charles Bosse

Bankruptcy in Australia is a challenging procedure, but I realise from meeting with thousands dealing with the likelihood of bankruptcy for many years that the most terrifying element is the distress of losing the family residential property. Nearly everyone is on an emotional level attached to their home – it’s where the children have grown,…

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November 24, 2016Comments Closed

Bankruptcy in Wollongong – Who do I talk to?

Posted by:Charles Bosse

Should I speak with my accountant about Bankruptcy? The response seems clear doesn’t it: if anybody understands your financial situation well in Wollongong, It’s going to be your accountant. Nonetheless, the short answer is a resounding No! It’s not that your accountant may not have your best interests in mind when it comes to Bankruptcy,…

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November 17, 2016Comments Closed

Bankruptcy in Australia – What happens to my income?

Posted by:Charles Bosse

Money is always a worry with Bankruptcy, so I would like to talk you through a few of the points to consider around income and Insolvency Bankruptcy in Australia is always going to be complex and troublesome, specifically because it involves money and people’s livelihoods. A lot of people always ask us how bankruptcy will…

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November 14, 2016Comments Closed

Declaring Bankruptcy in Australia – Making the Right Decision?

Posted by:Charles Bosse

Like everything in life you will always have a choice, and Bankruptcy is the same! You want to make sure you know as much as you can before you declare bankruptcy in Australia. What it boils down to is making the right decision the first time by getting the right advice filing for Bankruptcy in…

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Bankruptcy in Australia – Voluntary or involuntary bankruptcy?

Posted by:Charles Bosse

When it involves Bankruptcy, there are 2 sorts of people– people who have chosen to declare bankruptcy and those declared insolvent by others (Their creditors). When it comes to Bankruptcy in Australia, typically individuals aren’t aware that there could be both voluntary, and involuntary bankruptcy– and this is important because sometimes people don’t become aware…

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Bankruptcy in Australia – Changes that can help Small Business and Entrepreneurs.

Posted by:Charles Bosse

Written 15th March 2016 – By Charles Bosse– If checking this out greatly after this date, please review some of our various blog posts to establish the data is still up to date. Do you realise just how much Bankruptcy in Australia is going to be changing? The Australian Government at the end of 2015…

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October 11, 2016Comments Closed

Bankruptcy in Australia and how to avoid getting bitten.

Posted by:Charles Bosse

When people in Australia ask me about Bankruptcy, I tell them the traditional Native American Tale of the little boy and the Rattlesnake. An old rattlesnake demands a passing young boy to take him to the mountain top to see one last sunset before he dies. The boy was unsure, but the rattlesnake swore not…

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