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Visit our dedicated small business restructuring site for small business owners facing financial distress.
Stepping into bankruptcy can feel like entering a maze—full of twists, turns, and unexpected consequences. This guide from AFSA is like your personal Minotaur-defeating Theseus, offering a torchlight to illuminate the path ahead, showing you what to expect around each corner, with the reassurance of a hand on your shoulder.
In their comprehensive guide you will learn the following (*taken directly from the AFSA website):
Your name will permanently appear on the National Personal Insolvency Index (NPII)
Bankruptcy normally lasts for 3 years and 1 day from the day they accept your Bankruptcy Form
Further Reading
Title | Short Summary |
|---|---|
AFSA's Dealing with Debt | An insider's look into the complex world of debt treatment in bankruptcy, crafted with expert precision to guide you through every twist and turn. |
Insolvency Fact-checker | An interactive tool to help directors and small business owners gauge whether a company may be insolvent and consider early next steps. A starting point, not a substitute for advice. |
DPN eBook for Directors | A guide for directors on Director Penalty Notices: what a DPN is, why timing matters, and how directors and their advisers can respond. |
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