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This week’s guest Nicholas Giasoumi, Insolvency Practitioner and Director, Dye & Co Pty Ltd helps Elizabeth and Ron demystify bankruptcy and liquidation – and it turns out its not as scary as it sounds. They trio define what bankruptcy and liquidation mean; discuss the roles and responsibilities of individuals, companies, company directors, bankruptcy trustees, the ATO and creditors; how long a bankruptcy lasts; why its a good idea to get reliable professional advice and examples of what can go wrong if you don’t.


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