Generally everyone handling Bankruptcy in Gympie has this uncertainty about their job, and the answer to the question is ‘maybe’. The problem with some professions isn’t that you cannot do the job any longer, it’s more an issue of professional bodies or organizations that view bankruptcy in a dim light and can make it complicated for you.
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When it involves Bankruptcy and employment in Gympie, what I would recommend is that you do your own due diligence here, do the research and look at that process to start with 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 contact them directly and clarify your situation. Some associations won’t have a problem with your bankruptcy provided that it wasn’t accompanied by underhanded 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 job happens to be on the checklist and you’ve contacted 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 need to work under another’s Licence for a time. In the building sector this is especially useful: if you’re an electrician as an example, there is nothing stopping you teaming up with another electrician in Gympie under their Licence.

Please take a look at the table below, it deals with the license and company aspect of Bankruptcy. It’s prepared on a state by state premise, and you’ll discover that there’s a listing called “Operating a business.” Please don’t stress if you run your very own company. Just one of the limitations of bankruptcy is you can’t be a director of a business, 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. Normally people who run their own business have debts that are business related and it can become truly complicated, so it’s best to get some skilled advice as opposed to going it alone.

If you need 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 Gympie on 1300 795 575, or visit our website: www.bankruptcyexpertsgympie.com.au.