Can you travel overseas after bankruptcy? What about managing a company? How long do the restrictions last? We explain the real consequences of bankruptcy.
bankruptcy
11 results tagged bankruptcy:
By the time most people are in financial difficulty, it's too late. Open banking will help lenders identify borrowers at risk and offer better terms.
A new Bill before Parliament could mean a radical change bankruptcy legislation, slashing the bankruptcy period from three years and one day to just a year.
Bankruptcy can provide debt relief for people who have no other way out, but it comes with serious consequences, including not being able to travel overseas.
Helen owes $30,000 in Centrelink debt. Will the debt be wiped if she declares bankruptcy? Paul Clitheroe has the answer but it's not the one Helen wants.
Paul owes $21,000 in personal loans. He plans to travel overseas then declare bankruptcy on his return. So what does Paul Clitheroe think of this plan?
Testamentary trusts can be the answer for parents who want to leave an inheritance that will be protected from divorce, gambling or addiction.
A growing number of Australians are one emergency away from financial ruin. With cost of living pressures on the rise, what should you do if you're going to run out of money before pay day?
Christine entered into a debt agreement following some bad decisions. She asks Paul Clitheroe for advice on saving or investing.
If your debt is unmanageable you may feel like bankruptcy is the only choice. We take a look at your other options and what they mean for you.
