5. January 2010

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Alternatives to Bankruptcy

What are my choices?
If you have arrived at the conclusion that you are insolvent then you simply must do something as quickly as possible.
Do not ignore the warning signs – there is no point, because help can be obtained to sort out issues that may assist you to remain free of the state of bankruptcy:
If [...]

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5. January 2010

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Effects on the Bankrupt

A trustee will be appointed to oversee the bankrupt’s financial affairs;
An investigation will be implemented to check for improper transfer or disposition of property. An investigation can go back over the previous 5 years.
Any Passport must be handed over to the Trustee;
Income will be scrutinized by the Trustee and if earnings exceed certain thresholds then [...]

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