Simply speaking everyone facing Bankruptcy in Perth has this anxiety about their job, and the answer to the question is ‘maybe’. The problem with some jobs isn’t that you cannot do the job any longer, it’s more a concern of professional bodies or institutions that view bankruptcy in a dim light and can keep it difficult for you.
When it involves Bankruptcy and employment in Perth, what I would say is that you do your very own prep work here, do the research and check that process first before declaring bankruptcy – considering that this may help you make a decision. Look at if your job is on the list in this article. If it is, I ‘d speak to them directly and straighten out your situation. Some associations won’t have a problem with your bankruptcy just as long as it wasn’t accompanied by unscrupulous or questionable behaviour.
If you are affected by this area of Bankruptcy and licences, in many cases you wouldn’t 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 talked to them but they won’t budge, then I ‘d suggest you seek some qualified advice. This may be just one of those uncommon 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 need to work under another’s Licence temporarily. In the building sector this is especially useful: if you’re an electrician for instance, there is nothing stopping you collaborating with another electrician in Perth under their Licence.
Please take a look at the table below, it deals with the license and company aspect of Bankruptcy. It’s laid out on a state by state premise, and you’ll notice 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 business, but all this in fact means is that you have to 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 volume of money. Normally people who run their own business have debts that are business related and it can come to be extremely complicated, so it’s best to get some skilled advice as opposed to going it alone.
If you wish to learn more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to get in touch with Bankruptcy Experts Perth on 1300 795 575, or visit our website: www.bankruptcyexpertsperth.com.au.