PAST ARTICLES

Can you be a director of a company while bankrupt?

Can you be a director of a company while bankrupt?

An undischarged bankrupt is generally prohibited from acting as a director of a company without the permission of the court. This restriction is outlined in Section 206B of the Corporations Act 2001 (Cth)....

Is it an offence to gamble and lose money before bankruptcy?

Is it an offence to gamble and lose money before bankruptcy?

It is a little-known fact that it can be an offence to gamble leading up to your bankruptcy. This is because Section 271 of Bankruptcy Act 1966 (the Act) provides that it is an offence for a person to gamble away funds within two years of the commencement of their bankruptc...

The Risk of Personal Guarantee Debt

The Risk of Personal Guarantee Debt

How does someone enter into a personal guarantee, and what are the consequences? ...

ASIC director banning: When it applies and what you can do to avoid it

ASIC director banning: When it applies and what you can do to avoid it

Just because your company is placed into liquidation doesn’t mean you’ll be banned as a director. Learn when ASIC director banning applies & how to avoid it…...

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