If you are facing bankruptcy and you own a home you need to read this article very carefully to see how it will affect you and your spouse (if you own it jointly with your spouse). How will your mortgage be affected in bankruptcy? The first thing you need to know is if you declare bankruptcy it may not immediately
Category: Feature Articles
How is superannuation affected by bankruptcy?
Voluntary bankruptcy should not be a rushed decision. Most people can see it coming for months or even years, and some will try and take precautionary measures to protect themselves as much as possible. For the common person his only makes sense, however, we need to be aware of some very strict bankruptcy rules. This post tries to explain some
Provable Debts in Bankruptcy – A Quick Guide to what is impacted
In Bankruptcy, provable debts are debts which can be claimed against you through the bankruptcy process. All creditors that are owed provable debts must submit and prove their claims to the trustee in bankruptcy. Creditors who prove their debts are also able to vote at meetings of creditors. A creditor who has a provable debt cannot continue recovery or legal
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