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