Archive | March, 2017

Things You Should Know Post Bankruptcy

Are a bankrupt’s assets their own? In recent case Di Cioccio vs. Official Trustee in Bankruptcy, the Federal Court determined that when bankrupts use income earned post-bankruptcy to purchase non-exempt assets, such as shares, during their bankruptcy, the assets will be held as after-acquired property, and as such will vest in their Trustee and made […]

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Pay taxes message and coffee

Black Mark For Failure To Pay Taxes

The mid-year Economic and Fiscal Outlook was recently released by The Federal Government. Enhancements in the integrity of the tax system were announced, allowing the Australian Taxation Office (ATO) to disclose to credit reporting bureau’s the tax debt information of businesses who have not properly engaged with the ATO to manage these debts. As the […]

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