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

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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
The Treasury Small Business Guide
A guiding light through the legal intricacies of bankruptcy and insolvency, this resource combines deep legal insights with a narrative that speaks directly to your journey, empowering you with knowledge and reassurance.
AFSA's Guide on Personal Bankruptcy and Company Liquidation
This AFSA page details the responsibilities for submitting past and future tax returns, explaining how these filings are handled once you're under the bankruptcy umbrella. It also has a downloadable form ADVISE OF TAX RETURN if you choose to use an OFFICIAL TRUSTEE as your trustee.
Is Your Business Experiencing Financial Difficulty? - AFSA
A resource guiding Australians to the mental health support best suited to their needs.
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