Articles by Vanessa Swain

July 21, 2023

The Bankruptcy Process 

An individual that is unable to pay their debts can be declared bankrupt. Bankruptcy can...

December 20, 2021

What is the Impact of Bankruptcy?

Bankruptcy in Australia is not designed as a debt recovery tool for creditors (the person...

December 7, 2021

What is an Act of Bankruptcy?

Before a creditor can commence bankruptcy proceedings against a debtor, they must have a valid...

October 18, 2021

Creditors and the Tests for Insolvency 

When a debtor is made bankrupt or liquidated, their assets will be paid to creditors...

August 4, 2021

What is the Difference Between a Loan and a Gift?

It is quite common for friends and family members to lend or gift each other...

February 22, 2023

What is an Assignment of Debt?

It is common for creditors, such as banks and other financiers, to assign their debt...

February 4, 2021

What Are the Pros and Cons of a Writ for Levy of Property? 

A writ for levy of property is one of a number of enforcement actions commonly...

August 9, 2021

The New Restructuring Regime for Small Businesses

On 1 January 2021, the Federal Government’s restructuring regime for small businesses came into effect....

September 21, 2020

What Are the Pros and Cons of Winding Up a Company That Owes My Business a Debt?

If a business owes you money, you have the option to have them wound up....

November 16, 2020

Bankrupting Your Debtor: What Are the Pros and Cons of Bankrupting Someone Who Owes You Money?

If someone owes your business a debt, it can be frustrating when they avoid contact...