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bankruptcy

10 Common questions asked by worried directors, answered.

Posted by Revive Financial on Apr 13, 2021 12:54:06 PM

If your business is in trouble, it can lead to fear, uncertainty and many questions. Find the answers and understand the requirements for being a director here.

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Topics: Bankruptcy, Company Liquidation, Personal Insolvency, Tax Debt, Director Advice, Turnaround & Restructuring, company insolvency, common questions

Keep Trading as a Sole Trader if you are Bankrupt

Posted by Revive Financial on Feb 19, 2021 11:26:00 AM

After years of working to build your business from the ground up, the thought of losing it all because your personal finances are dire is a nightmare. It is still possible to keep trading as a sole trader if you are bankrupt or personally insolvent.

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Topics: Bankruptcy

Benefits of Engaging a Private Bankruptcy Trustee

Posted by Revive Financial on Oct 9, 2019 4:32:29 PM

Let us help you understand the benefits of engaging a private, Registered Bankruptcy Trustee.

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Topics: Bankruptcy

The Effects of Personal Insolvency on Your Credit Score

Posted by Revive Financial on Apr 5, 2019 3:09:54 PM

If you have unmanageable debt and your weekly income doesn’t cover your day-to-day living expenses, you might be facing personal insolvency. Personal Insolvency is defined as a situation where you are unable to pay your debts when they fall due.

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Topics: Bankruptcy, Personal Insolvency

Bankruptcy Income Contributions

Posted by Revive Financial on Feb 28, 2019 2:00:00 PM

Entering bankruptcy does not normally prevent you from working. However, when you earn as a bankrupt, you may be required to pay income contributions towards your bankrupt estate. Whether you pay, and how much you pay, depends on your income.

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Topics: Bankruptcy

Insolvency, Bankruptcy and Liquidation: Explained

Posted by Revive Financial on Sep 14, 2018 3:33:00 PM

Personal Insolvency tends to lead to Bankruptcy or a Debt Agreement. If a company is found to be Insolvent, it is possible that it will lead to Liquidation,

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Topics: Bankruptcy, Company Liquidation, Director Advice

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