The ATO has a number of options to collect tax debts. These include Garnishee Notices and Statutory Demands, both of which are discussed in this article.

What are the major effects on your life and the lives of your family and creditors in the event that you declare bankruptcy? This article briefly looks at your obligations and the implications of bankruptcy.

This article on illegal phoenix activity looks at what elements are illegal and what the legal alternatives are. It also considers the risks and penalties associated with illegal phoenix activity.

The ATO has very good systems in place that allow and individual or business to simply enter into payment arrangements. However, if you have a long history no non-compliance with the ATO, have not paid tax in a long time, or have defaulted on previous ATO payment arra...

Not all property will be taken if you become Bankrupt. This article considers which property will be protected and which will be divisible amongst creditors.

There are many forms of insolvency appointments in Australia under the Corporations Act and the Bankruptcy Act. A summary each of the different forms of insolvency appointments follows.

A Bankruptcy Notice can be issued to recover judgment debts. If ignored, it can result in the debtors being made a bankrupt by way of a creditor's petition.