Business Articles from Armstrong Wily
Bankruptcy Assets
In the event you find yourself in financial difficulty, which of these assets will become a bankruptcy asset that you can keep and which of these assets will become a bankruptcy asset that you have to surrender? Continue Reading
Bankruptcy and Tax
It is often said there are only two things certain in life: Death and Taxes – and this sometimes applies even in Bankruptcy. This article will attempt to better explain and simplify the issues surrounding Bankruptcy and tax. Continue Reading
What is a Bankruptcy Listing
A Bankruptcy Listing is a registered database containing information on past and present Bankruptcies, insolvency proceedings, and administrations made under the Bankruptcy Act 1966. It is maintained by Insolvency and Trustee Service Australia, it is generally refer to as the National Personal Insolvency Index. Continue Reading
Personal Insolvency Agreements (PIA)
A Personal Insolvency Agreement (PIA) is a legally binding agreement between you and your creditors that allows you to settle your debts, manage your insolvency without becoming bankrupt. Continue Reading
Formal Debt Agreements
The Australian Bankruptcy Act of 1966 gives the option for a person to seek a formal debt agreement with creditors to manage their rising debt and insolvency, as a way to avoid bankruptcy. Continue Reading
Personal Insolvency Australia
In Australia, the official insolvency definition is “when a person is unable to pay his/her debts as and when they fall due for payment”. Reasons why a person might suddenly find them coping with rising unmanageable debt, leading to insolvency can vary – from loss of job, family illness or a collapse of family relationships. Continue Reading
