Bankruptcy and Liquidation

If you can't pay your business debts, and haven't been able to reach an agreement with your creditors, you may decide to go bankrupt.

Deciding to apply for bankruptcy is serious and you should first find out about all of the options available if you have debts you can't manage.

To learn more about filing for bankruptcy and your obligations, refer to the:

Bankruptcy information
on the Australian Financial Security Authority (AFSA) website where you can find bankruptcy topics explained in an understandable way, including:

Insolvency information for company directors
on the Australian Securities and Investments Commission (ASIC) website.

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