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Visit our dedicated small business restructuring site for small business owners facing financial distress.

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AFSA's Insolvency Eligibility Tool

Considering bankruptcy but unsure if you can set sail on this course? AFSA’s eligibility check tool is your compass, guiding you through the criteria necessary for declaring bankruptcy. It evaluates whether you’re adrift with debts you cannot pay when due and checks if you have a solid mooring in Australia—either through residence or business connections. This online navigator is designed to chart your possible paths in financial seas, helping you understand your options with ease and precision.

Further Reading

Title
Short Summary
ATO's Directors Penalty Notice Information
AFSA's Dealing with Debt
A guiding service offering free financial counselling for small businesses in hardship, helping navigate debt and cash flow troubles.
Deciphering A Credit Report
It also has a downloadable form ADVISE OF TAX RETURN if you choose to use an OFFICIAL TRUSTEE as your trustee.
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