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law. Debt agreements were introduced into Australian personal insolvency law in 1996 as an alternative to bankruptcy. This … alternative to bankruptcy …
Persistent link: https://www.econbiz.de/10013119696
highly sceptical about the value of debt agreements, or ‘Part IX' agreements. By contrast, they generally saw bankruptcy as a … regarding the long term impact of bankruptcy upon severely disadvantaged debtors. Several expressed the view that bankruptcy … disadvantages, such as mental illness. Instead, for people in this situation, bankruptcy offers little more than a temporary …
Persistent link: https://www.econbiz.de/10013015442
This article compares reforms to directors' liability for insolvent trading in Singapore and in Australia. The authors analyse the law in these two countries because they are important Asia-Pacific trading partners and their laws were originally largely the same – Singapore's law on insolvent...
Persistent link: https://www.econbiz.de/10012844974
Bankruptcy is widely regarded as a means of rehabilitation for debtors in severe financial hardship. To date, however … demonstrate that, for many Australian debtors, bankruptcy results in genuine improvements to financial stability, health …, relationships and general well-being. At the same time, they suggest that the outcomes of bankruptcy can vary significantly …
Persistent link: https://www.econbiz.de/10012955926
This paper examines recent trends in Australian personal bankruptcy by analysing a large data set obtained from the … regulator, the Australian Financial Security Authority. It demonstrates a marked decline in Australian bankruptcy rates, since a … to consumer spending. These findings represent a significant contribution to Australian empirical bankruptcy research …
Persistent link: https://www.econbiz.de/10012959759
This study is the first empirically based analysis of business bankruptcy to be conducted in Australia. It aims to … identify key differences between debtors who declare business bankruptcy and those who declare non-business or “personal …” bankruptcy, and to explore the extent to which there might be a “hidden” population of business debtors among those formally …
Persistent link: https://www.econbiz.de/10012906914
While the majority of those who declare bankruptcy do so voluntarily, a significant proportion are forced into … bankruptcy as a result of legal action. This paper interrogates data obtained from the Australian Financial Security Authority to … venture or a managerial or professional occupation – meaning that they are more likely to resist bankruptcy until they are …
Persistent link: https://www.econbiz.de/10012890999
This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study … — based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator — provides a … most significant causes of bankruptcy for older Australians as well as some possible explanations for their financial …
Persistent link: https://www.econbiz.de/10012897411
strikingly similar reasons for their entry into bankruptcy. Yet a more detailed analysis of AFSA's data indicates that women and …. It finds that, in general, women in bankruptcy are likely to be economically disadvantaged, relative to men, as measured … women in bankruptcy are much more likely than men to be single with dependants, and that these women experience a greater …
Persistent link: https://www.econbiz.de/10012867310
In May 2015 the Productivity Commission released its Draft Report ‘Business Set-up, Transfer and Closure'. This research note does not deal with the broad range of issues touched on by the Productivity Commission. Instead, it concentrates on those matters relating to corporate insolvency and...
Persistent link: https://www.econbiz.de/10012977965