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Bankruptcy: Determining which debts survive or can be recovered from a bankrupt
If you have been declared bankrupt, or are looking to recover debt from an individual or company that has been declared bankrupt, you may be wondering what happens to debts following a declaration of bankruptcy.
This article sets out what debts are and are not recoverable from a bankrupt person, including specific debts which survive bankruptcy and remain recoverable by creditors even after the bankruptcy ends.
Sladen Snippet – Proposed changes to Australian bankruptcy law
The Australian government has proposed reforms to the Australian bankruptcy and personal insolvency systems. These reforms aim to ensure the fair application of these systems to those impacted.
Sladen Snippet - Federal Court affirms Trustees in Bankruptcy are liable for capital gains tax on property dispositions
The Federal Court has confirmed that a liability to pay Capital Gains Tax applies to trustees in bankruptcy in respect of capital gains derived in their capacity as trustee.