Alternatives to Bankruptcy in Australia
Temporary debt protection, free financial counselling, hardship arrangements with lenders, and the small-business-restructuring boundary, as alternatives to bankruptcy in Australia.
8 min read
Australia Bankruptcy
8 articles
Bankruptcy in Australia: How It Works, What You Keep and the Alternatives
How bankruptcy, debt agreements and personal insolvency agreements work in Australia under the Bankruptcy Act 1966, what you keep, the consequences, and the alternatives, all administered by AFSA.
8 min read
Consequences of Bankruptcy in Australia: NPII, Credit Report, Director Bans and Travel
The personal and legal effects of Australian bankruptcy: the public NPII record, credit report retention under the Privacy Act, director disqualification, overseas travel and restricted occupations.
7 min read
Debt Agreements in Australia (Part IX): Eligibility, Voting and Terms
How a Part IX debt agreement works: the single indexed threshold behind the eligibility caps, majority-in-value creditor voting, administrators, term limits and how it compares to bankruptcy.
10 min read
How Bankruptcy Works in Australia: Voluntary and Involuntary Bankruptcy Explained
How Australian bankruptcy starts under the Bankruptcy Act 1966: the debtor's petition, the creditor's petition and bankruptcy notice, trustees, discharge and annulment.
9 min read
How to Apply for Bankruptcy in Australia
How to apply for bankruptcy in Australia through AFSA Online Services, what it costs to file, the realisations and interest charges, and how to get confirmation once your bankruptcy has ended.
6 min read
Personal Insolvency Agreements in Australia (Part X): How a PIA Works
How a Part X personal insolvency agreement works: the controlling trustee, the creditors' special resolution, and why a PIA has no eligibility threshold.
6 min read
What You Keep and Lose in Bankruptcy in Australia
What section 116(2) of the Bankruptcy Act protects, what vests in your trustee, how income contributions work, and which debts survive bankruptcy in Australia.
8 min read