Further reading

  • Bankruptcy – what happens to your income during bankruptcy

    During bankruptcy your only obligation in regard to your income is to pay income contributions if your income exceeds the ‘threshold amount’…

  • Director penalty notices

    DIRECTOR PERSONAL LIABILITY FOR PAYG WITHHOLDING AMOUNTS We have received a number of enquiries recently in regard to a directors potential liability…

  • ATO garnishee notices

    We have received a number of enquiries recently in regard to the Australian Taxation Office seizing assets of taxpayers who have not…

  • Fact Sheet – ATO garnishee notices

    PROBLEM Section 260-5 of the Taxation Administration Act 1953 empowers the Commissioner of Taxation to collect taxes due by a taxpayer by…

  • Debt agreements – be careful

    BE CAREFUL Debt Agreements under Part 9 of the Bankruptcy Act are an available alternative to bankruptcy. If you enter into a…

  • Personal insolvency agreement

    Be Careful A Personal Insolvency Agreement is similar to a Debt Agreement Proposal in Bankruptcy in that instead of going bankrupt, you…

  • Company insolvency an overview

    AN OVERVIEW Companies don’t go bankrupt, they go into Liquidation. In some respects it’s much the same. If your company is in…

  • ATO directory penalty notices

    DIRECTOR PERSONAL LIABILITY FOR PAYG WITHHOLDING AMOUNTS We have received a number of enquiries recently in regard to a directors potential liability…

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Alan Nicholls’ no obligation help desk

Nicholls & Co provide a free, no obligation ‘help desk’ for people considering bankruptcy – we discuss and explain bankruptcy and answer questions for anyone who is considering bankruptcy. The Nicholls & Co help desk can be accessed by phone (1300 060 122) or helpdesk@nichollsco.com.au . Alan Nicholls, Registered Trustee in Bankruptcy is also available to answer your questions to enable you to decide if bankruptcy is right for you.