For the most part everyone managing Bankruptcy in Tweed Coast has this particular anxiety about their job, and the answer to the question is ‘maybe’. The trouble with some lines of work isn’t that you cannot do the job any longer, it’s more an issue of professional bodies or institutions that view bankruptcy in a dim light and can keep it difficult for you.

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When it involves Bankruptcy and employment in Tweed Coast, what I would suggest is that you do your own preparation here, do the research and check that process to start with before declaring bankruptcy – considering that this may really help you decide. Look at if your job is on the list listed here. If it is, I ‘d speak to them directly and shed light on your situation. Some affiliations won’t have a problem with your bankruptcy just as long as it wasn’t accompanied by scandalous or questionable behaviour.

If you are affected by this area of Bankruptcy and licences, often you will likely not lose your Licence permanently; it just gets suspended for the 3 years of your bankruptcy. If your career happens to be on the checklist and you’ve consulted with them but they won’t be convinced, then I ‘d suggest you seek some qualified advice. This may be just one of those rare occasions when I ‘d endorse using a Debt Agreement or a Personal Insolvency Agreement.

Remember in many cases you don’t have to exit the industry you are working in; you just have to work under another’s Licence for a while. In the building sector this is especially relevant: if you’re an electrician as an example, there is nothing stopping you teaming up with another electrician in Tweed Coast under their Licence.

Please look at the table below, it deals with the license and company aspect of Bankruptcy. It’s set up on a state by state premise, and you’ll discover that there’s a listing called “Operating a business.” Please don’t fret if you run your very own company. One of the limitations of bankruptcy is you can’t be a director of a company, but all this really means is that you must restructure your business.

Simply for your peace of mind I’ll tell you now that you can still own and run this business as a sole trader. There are no limitations: you can hire staff and turn over any level of money. Commonly people who run their own business have debts that are business related and it can come to be incredibly complicated, so it’s best to get some experienced advice instead of going it alone.

If you want to learn more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to get in contact with Bankruptcy Experts Tweed Coast on 1300 795 575, or check out our website: www.bankruptcyexpertstweedcoast.com.au.