Personal Insolvency and its Effects on Your Personal Credit

Personal insolvency can result when an individual is unable to pay their debts as and when they fall due. Personal insolvency comes in many forms and has differing consequences for your credit record.  Generally, the types of Personal Insolvency are: The above types of personal insolvency are formal processes under the Bankruptcy Act 1966 that […]

ATO Increasing Debt Recoveries in 2023-24 Corporate Plan

The ATO have recently released their 2023-24 Corporate Plan (Plan), which sets out several strategic objectives for the regulator over the next 4 years. Of particular note, for insolvency and accounting industries, there is a strong focus on debt recovery with a view to collect over $45 billion dollars, two thirds of which are owed […]