IN AUSTRALIA, BANKRUPTCY IS AN ADMINISTRATIVE SYSTEM TO DEAL WITH UNPAID DEBTS. IT ISN'T PUNISHMENT.

IN AUSTRALIA, BANKRUPTCY IS AN ADMINISTRATIVE SYSTEM TO DEAL WITH DEBTS THAT CAN'T BE PAID. IT ISN'T DESIGNED AS PUNISHMENT.
Update to video: A motor vehicle can be kept if it's up to $9,100 in value, or has up to $9,100 in equity (at the date of posting this video).
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[@christinearcher227]

Thank you for your support and advice

[@sachitarora8107]

Hello,
Thanks a lot for knowledge..
What if a company goes bankrupt does the director of the company losses their house and car?