Commonly Asked Questions
How will bankruptcy affect me?
Will my furniture and effects be taken and can I keep my family home if I go bankrupt?
If my company is liquidated do I lose my personal assets?
Can I earn money if I go bankrupt?
If I have a couple of companies and one goes into liquidation, how does it affect the other companies?
How is my partner affected if I go bankrupt?
My company owes a debt to the ATO, what is my personal liability?
If I have received a Director Penalty Notice from the ATO, what should I do?
Worrells publishes Guides to insolvency annually, both for personal and corporate areas. Our aim has been to produce an easily understood Guide providing dependable information relevant to both areas of insolvency. Each topic is set out in a question and answer format and is explained in non-technical terms, yet has sufficient detail to allow the reader to gain a broad understanding of insolvency concepts and practice.