29 May 2019 | Article by Rebecca Forsyth

Common traps for the prospective bankrupt

What do you do when the house is burning? When facing bankruptcy many people reach for quick-fix solutions that, although they sound appealing and secure on the surface, end up adding fuel to the fire.

In our May Wednesdays With Redchip event our experts looked at some of the common misconceptions around bankruptcy and the risks involved if it is not managed correctly.

We then turned the tables to provide some proactive structures and solutions that can provide your clients with appropriate asset protection at the outset, such as gift and loan back arrangements.

Wednesdays with Redchip May – Personal Insolvency from Redchip

Please note this presentation was prepared for accountants, financial planners and professional advisers. This content was prepared and presented by Rebecca Forsyth, Associate in our litigation team, and Trung Vu, Associate Director and tax expert.

Topics included in this presentation include:

What is bankruptcy?
Personal insolvency misconceptions
Insolvency related restructures
Gift and loan back arrangements
Asset protection

We host Wednesdays With Redchip on the third Wednesday of each month. See our upcoming events here.

Please get in touch with our team if you have any follow up questions to the content provided.

Back to Articles

Check out our upcoming events!

Visit EventBrite

Wednesdays With Redchip

We host events for accountants and professional advisers on the third Wednesday of every month.

These events are designed to activate conversations, share knowledge and elevate the advisers driving businesses forward.

See upcoming events

Terms and conditions written with a typewriter

Designer T&Cs

We have created these Standard Terms and accompanying Proposal Guidelines to protect designers from engagement risks and to encourage best business practice.

Request now

Fun, Energetic Grandpa Playing In Waves With Young Grandchild – Girl – On Beach At Sunset – Shoulder Ride

Yodal: Because everyone needs a plan

Yodal supports advisers in building a lucrative Estate Planning business, unlocking opportunities for deeper client conversations and developing inter-generational relationships.

Check out Yodal’s revamped look!

Find out more

Common traps for the prospective bankrupt

Browse by Article Category

Browse by Resource Type

Check out our upcoming events!

Wednesdays With Redchip

Designer T&Cs

Yodal: Because everyone needs a plan

Recent Articles