Will My Business Be Affected?

Will My Business Be Affected?
There are limitations for business owners that are insolvent. For instance, as a bankrupt business owner, you can only own a business as a sole trader. For some business owners, bankruptcy can affect their ability to manage the business due to licensing issues.

For instance, a builder (in some states) with a builder’s license will have their license suspended for the 3 years of bankruptcy. There are other ramifications for business owners who continue to trade while insolvent.

If you wish to know more about self-employment and bankruptcy please do not hesitate to phone us for a complimentary no-obligation consultation on 1300 795 575.

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PHONE: 1300 795 575