top of page
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 Bankruptcy Search: InfoTrack Tool | A 21-day grace period service providing breathing space for businesses to restructure finances amidst creditor demands. |
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. |
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. |
bottom of page