Bankruptcy is a process that is designed to act as a sort of mediator between someone who is unable to pay their debts and their creditors. It releases you from your obligation to pay your debts, but if you have any assets or substantial income that can be put towards them, you will be required to contribute those to your
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Will I lose my superannuation in bankruptcy?
The thought of losing your superannuation can be terrifying, as one day it is going to be all that you have to live on. So naturally it is a big concern for people who are considering bankruptcy. The good news is that your superannuation is protected under bankruptcy and will not be touched. The only reason it would be is
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