One Year Bankruptcy : What It Means For You

Bankruptcy is a tough reality to face. It has a range of obligations which impact your life. People entering bankruptcy must also face the stigma associated with it. The introduction of the Bankruptcy Amendment (Enterprise Incentives) Bill 2017 is set to ease these burdens.

Bankruptcy Income Contributions

Entering bankruptcy does not normally prevent you from working. However, when you earn as a bankrupt, you may be required to pay income contributions towards your bankrupt estate. Whether you pay, and how much you pay, depends on your income.