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Common traps for the prospective bankrupt

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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.



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.

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