Hi everyone,
Dallas’ post raises a couple of interesting questions. If Bankruptcy is de-stigmatised, as the Government intends it to be, and becomes more ‘popular’ then:
1 – How can Councils use Bankruptcy and still preserve their effective security over the land granted by S550?
2 – How will Councils choose between using Bankruptcy, S713, Sheriff’s Sale, or Winding Up to gain leverage from the security over the land?
We have been discussing this with clients for a little while and have prepared a briefing guide answering both questions.
We’d love to share the guide with any council interested, please msg us here or at richardmc@oscollections.com.au and we’ll give you a copy.
Best wishes
Richard
0434 222032
