Insolvency & Bankruptcy in Australia: A Deep Dive | Olga Koskie & Shane Deane

Tax Assure's Olga Koskie talks to Shane Deane from DyeCo about the practicalities and implications of insolvency & bankruptcy.
Bankruptcy is most definitely not a 'one size fits all' proposition. To whom is bankruptcy best suited? What does bankruptcy do to your future borrowing potential? How are company directors affected by bankruptcy or liquidation?
This in-depth talk covers these topics and more.
Find out more about Shane & his team at:
dyeco.com.au/
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If you or your business is struggling with tax debt, drop us a line at:
[e-mail]
ph. 1300 952 295
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www.taxassure.com.au
#bankruptcy #insolvency #ato
00:01 - Introductions
00:43 - How does a small business debt restructure work? Tools & techniques.
04:17 - How Tax Assure can deal with flow-on effects of insolvency
05:02 - Registered building practitioners and insurance policy implications
06:50 - Is there a magic wand to erase debts?
08:00 - Debt costs for companies vs those for directors: SGCs, BAS, and DPNs
09:30 - Who would most likely want to avoid bankruptcy?
09:50 - How Tax Assure can work with company directors
10:22 - Outcomes from DyeCo & Tax Assure debt resolution team-ups
10:54 - Myths and generalisations about bankruptcy
11:28 - Bankruptcy realities differ depending on who you speak to
12:40 - Debt and joint home ownership
13:22 - Debt and tools of trade/ motor vehicles
13:50 - Benefits of specialist debt & tax debt advice
14:48 - Some people want to go bankrupt when it makes no sense to
15:39 - Debt solutions are never 'one size fits all'