Frequently Asked Questions

Does bankruptcy protect me from my tax debt?

Yes, taxes you owe the ATO, including interest and penalties will be caught by your bankruptcy.

We note that bankruptcy does not remove you from the requirement to lodge outstanding tax returns. This can be done before or shortly after you become bankrupt. Any taxes owing from lodgement of these tax returns will be caught by your bankruptcy.

If you would like to have a chat about this please call me on 1300 764 197 or email hello@understandingbankruptcy.com.au.

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