I have been in bankruptcy for 2 years now. My trustee is very hard to deal with. They either don't answer questions or take months to do anything.
I was a director of a company which was liquidated but I had to go bankrupt because of personal guarantees. There was a company GST tax debt. Am I personally responsible for this debt?
The trustee will not give a definitive answer to this. There were three partners in the company. I can't get any help from the trustee on this and they don't seem willing to help either. Am I able to ring the ATO and ask them directly, and if I am, can I make an offer of payment for my share of the debt instead of the whole debt?
Also, the trustee has not made any movement on selling properties. They say it takes a long time to get information on the properties, I can't see how. I have managed to get all the information on the properties in a couple of days. They also said they hold properties for as long as twenty years.
I know that this is true but does it usually happen that way? If that is the case, I might as well give it all up because I am at retirement age and will spend the next twenty years paying mortgages that I will get very little out of.
I was a director of a company which was liquidated but I had to go bankrupt because of personal guarantees. There was a company GST tax debt. Am I personally responsible for this debt?
The trustee will not give a definitive answer to this. There were three partners in the company. I can't get any help from the trustee on this and they don't seem willing to help either. Am I able to ring the ATO and ask them directly, and if I am, can I make an offer of payment for my share of the debt instead of the whole debt?
Also, the trustee has not made any movement on selling properties. They say it takes a long time to get information on the properties, I can't see how. I have managed to get all the information on the properties in a couple of days. They also said they hold properties for as long as twenty years.
I know that this is true but does it usually happen that way? If that is the case, I might as well give it all up because I am at retirement age and will spend the next twenty years paying mortgages that I will get very little out of.