May 21, 2015 The role of the Trustee in bankruptcy involves several duties, which must be carried out in strict adherence to the Bankruptcy Act 1966. According to Section 129 of the Act, the Trustee must take full control of the bankrupt person’s property. Furthermore, any properties belonging to the bankrupt automatically vest in the Trustee. A Trustee in bankruptcy
Month: May 2015
Are you bankruptcy’s next victim?
According to the Australian Financial Security Authority (AFSA), an alarming 4,379 Australians filed for bankruptcy in the first three months of 2015. This number represents a 5% increase from the December 2014 quarterly report, indicating a rising concern for the personal finances of many Australians. Personal insolvency is not a new threat; nor is it looking to go away anytime
Bankruptcy in Western Australia
If you are looking to file for bankruptcy in Western Australia, Australian Bankruptcy Services (ABS) can help. The team at ABS has had many years of experience in helping everyday Australians with one of the most daunting and difficult financial decisions they are ever likely to face. If you are considering filing for voluntary bankruptcy in Western Australia, seeking professional
Bankruptcy Can Affect Anyone
Newly leaked documents about the solvency of chart-topping pop singer Rihanna show that bankruptcy and financial problems can affect just about anyone. The documents reveal that the star was on the verge of bankruptcy in 2009, despite several of her songs, including popular hits SOS and Take A Bow, reaching number one on music charts around the world. The alleged
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