Bankruptcy

A director risks bankruptcy through personal guarantees, a liquidator suing the director for recovery of a loan or drawings account, tax debt or insolvent trading. Approximately 20,000 bankruptcies occur in Australia every year. At risk are the assets of the individual, including the family home. If the family home is jointly owned, only half of the equity value, minus mortgage loan, is at risk. Rebuild Now can protect your assets, including the family home, against bankruptcy.