December 17, 2021

Bankruptcy Indexed Amounts

In a bankruptcy, there are certain limits/amounts that impact a bankruptcy, including:

    • The number of assets that can be retained by a Bankrupt
    • The amount of income that can be earned before the Bankrupt is liable to pay amounts to the bankruptcy
    • The amount of credit that can be obtained by a Bankrupt, without providing disclosure

Below are some of the main indexed amounts that impact a bankruptcy. A full list of the indexed amounts is available at the website of the Australian Financial Security Authority (AFSA) – Indexed amounts | Australian Financial Security Authority (afsa.gov.au).

Article written by Jason Cronan (Director) – SV Partners Sunshine Coast

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