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FAQs
  • Personal debt/sole trader debt
    • Bankruptcy
  • Director liabilities/duties
    • Insolvent trading
    • Director liability for company debts
  • FAQs
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    • Corporate insolvency
    • Personal & sole trader insolvency
    • Insolvency considerations
  • Thresholds
    • Personal insolvency
    • Corporate insolvency
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      1. Knowledge Base
      2. FAQs
      • Personal debt/sole trader debt
        • Bankruptcy
      • Director liabilities/duties
        • Insolvent trading
        • Director liability for company debts
      • FAQs
      • Factsheets
        • Corporate insolvency
        • Personal & sole trader insolvency
        • Insolvency considerations
      • Thresholds
        • Personal insolvency
        • Corporate insolvency

      FAQs

      Get the quick answers to the Frequently Asked Questions
      • What happens to tools of trade I have for my work/business?
      • Will I lose my car?
      • Will I lose my home?
      • Will I have to make payments from my income?
      • Can I travel overseas?
      • How long does the bankruptcy last for?
      • Who will know about the bankruptcy?
      • Can a bankruptcy be annulled?
      • What will happen to my credit rating?
      • What will happens to builders' license?
      • What will happen to my trade/professional license/membership e.g. real estate license | solicitors | travel agents
      • What is voluntary administration?
      • What's the criteria for a small business restructure?
      • What if I'm not eligible for small business restructuring?
      • What is liquidation?
      • Can I apply for liquidation voluntarily?
      • What if I'm a sole trader?
      • What happens to my employees if my business is wound up?
      • Can I still trade my business if I'm insolvent?
      • What is the new simplified liquidation process?
      • What is receivership?
      • Who is a secured creditor?
      • Who is an unsecured creditor?
      • What's changed to make the liquidation simplified?
      • What's our role as a small business restructuring practitioner?
      • What if I want to choose the simplified liquidation pathway but my company is solvent?
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