LawAnswers.com.au - Australia's #1 Legal Community

LawAnswers.com.au is a community of 10,000+ Australians, just like you, helping each other.
Ask a question, respond to a question and better understand the law today!
Join us, it only takes a minute:

QLD Becoming a Company Director under Part IX Debt Agreement?

Discussion in 'Debt and Bankruptcy Law Forum' started by JohnDadof3, 2 December 2015.

  1. JohnDadof3

    JohnDadof3 Active Member

    Joined:
    22 November 2015
    Messages:
    6
    Likes Received:
    0
    Hi,

    I have agreed to a Part IX debt agreement 2 years ago and I have 3 years to complete the agreement.

    I would like to start a company and become a director. I believed it was not possible under the agreement. However, I could only find evidence that you can't be a director under Part X.

    http://asic.gov.au/regulatory-resou...ankruptcy-and-personal-insolvency-agreements/

    Is it possible to create a company and become a company director under Part IX debt agreement?
     
  2. CathL

    CathL Well-Known Member

    Joined:
    19 April 2014
    Messages:
    156
    Likes Received:
    35
    You'd have to double check with ASIC.
     

Share This Page

Loading...