Bankruptcy Myth-buster | TTJ Advisory 4/7

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Bankruptcy Myth-buster

A plain-English myth-and-fact guide that clears up common misunderstandings about bankruptcy, covering what it does and does not mean for assets, income, work and credit, so decisions can be made on the facts rather than on assumptions.

Further Reading

Title	Short Summary
ACCC's Debt Collection Guideline for Collectors & Creditors	This joint ACCC and ASIC guideline sets out how consumer protection laws apply to debt collection in Australia. It covers enforcement responsibilities, key definitions, and the rights and obligations of both collectors and creditors. A practical reference for anyone involved in managing or recovering debts.
Beyond Blue - New Access for Small Business Owners	Tailored mental health coaching for small business owners, with free, confidential sessions designed to manage stress through Cognitive Behavioural Therapy.
AFSA Bankruptcy Search: InfoTrack Tool	A 21-day grace period service providing breathing space for businesses to restructure finances amidst creditor demands.

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