Dodging A Curveball In Bankruptcy!
Life is unpredictable, and the quirks of the Bankruptcy Act can lead to some difficult circumstances for any individual. If careful asset...
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de Jonge Read
- Aug 11, 2022
- 5 min
Bankruptcy is a new beginning, not an end
This month we are going to look at the consequence of a business failure on a company director. Directors can be held liable for the...
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de Jonge Read
- Jun 10, 2021
- 4 min
Rising Home Value Can Lead To an Unexpected Claim
In this month’s case study, we look at the case of Kim who got a really nasty surprise from a trustee in bankruptcy. Kim’s husband,...
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de Jonge Read
- Mar 3, 2020
- 4 min
My creditors want to bankrupt me! Now I have no choice!
When people are facing bankruptcy, the most important asset unsurprisingly, is the family home. Now the forced sale of a family home can
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Phil Hamenko
- Oct 4, 2019
- 3 min
Turmoil in Travel Industry
There has probably never been a few weeks like this for travel agents. First, Thomas Cook, an icon of the industry with a 140-year...
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Phil Hamenko
- Jul 1, 2019
- 2 min
No 1 Year Bankruptcies For Now
At the most recent instalment of the de Jonge Read Seminar Series we discussed the Bankruptcy Amendment (Enterprise Incentives) Bill...
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Darren Addison
- Mar 6, 2019
- 2 min
It’s the small things that count
I don’t know how many times I hear “it’s a very simple situation, I don’t own anything so I don’t really need advice, I can do this...
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de Jonge Read
- Jan 16, 2019
- 3 min
Bankruptcy - saving lives!
BACKGROUND Our client had established an auto trim business in a regional location in 2004. Over the past few years however, the...
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de Jonge Read
- Nov 21, 2018
- 3 min
Myth or Fact - Your Client Will Lose Their House if They Go Bankrupt?
Often one of our client’s biggest fears is losing the family home in a bankruptcy scenario. This situation is exacerbated when one...
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Terry Finn
- Oct 18, 2018
- 3 min
The Tale of Two Brothers
Vic and Richard are two brothers who were directors of what became a rather large (100+ employees) company. Due to changes in the...
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de Jonge Read
- Sep 25, 2018
- 4 min
Watch Out For That Forgotten Deed of Covenant
Deed of Covenants (DOC) can be easily missed and forgotten. Therefore, Company directors may unknowingly and unnecessarily be placing their
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de Jonge Read
- Sep 17, 2018
- 2 min
Finding a Life Raft
Bankruptcy can be an extremely emotional and stressful time, it weighs heavily on the individual as well as on their family. Though...
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Terry Finn
- Nov 22, 2017
- 1 min
Love & Affection - What is it worth?
Nothing! According to Australia’s Bankruptcy Act 1966 (“the Act”). Transfers of property for less than market value, including transfers...
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- Oct 8, 2017
- 2 min
Not All Insolvency Advice is the Same
Often an Insolvency Practitioner (‘IP’) may state to potential clients that everything will be fine. This comment is one that I heard...
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de Jonge Read
- Jun 29, 2017
- 3 min
It's never too late to get help - saving the family home
Getting specialist insolvency advice prior to entering into bankruptcy can have an enormous impact on the process and outcomes. This...
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