Business Bankruptcy

If you own a business that is unable to cover expenses or have been threatened with or are considering bankruptcy, it is important you seek financial and legal advice immediately.

You can speak to:

• Your accountant and/or lawyer
• Small business debt helpline (a service provided by financial counsellors)
• Rural Financial Counselling service (localised services for rural businesses)
• Australian Financial Security Authority

There are additional responsibilities depending on the structure of your business when you are unable to meet your debts. Your personal assets may be at risk. 

It is important to seek help as soon as you are struggling to meet your business liabilities.