A friend was listed as a director of a company that was put in to administration by the beneficial owner. Prior to this, the beneficial owner ran up a significant tax bill and a director's penalty notice was issued to my friend by the ATO.
She was told (and pressured) in to lodging for bankruptcy... She has since realised her error and would like to explore her options of having the bankruptcy annulled. She has significant evidence to prove this guy was the one benefiting from the business and making plenty of money by not paying the taxes.
Is there a realistic opportunity for her to challenge this and have the bankruptcy annulled?
It's incredibly unfair that she is suffering the consequences of this while the guy who made the money lives in luxury.
She was told (and pressured) in to lodging for bankruptcy... She has since realised her error and would like to explore her options of having the bankruptcy annulled. She has significant evidence to prove this guy was the one benefiting from the business and making plenty of money by not paying the taxes.
Is there a realistic opportunity for her to challenge this and have the bankruptcy annulled?
It's incredibly unfair that she is suffering the consequences of this while the guy who made the money lives in luxury.