Personal Insolvency
Director Penalty Notices: Why a Bankrupt Director Can Still Owe the ATO After Discharge
A Director Penalty Notice can survive bankruptcy discharge in certain circumstances. Here's what DPNs mean for creditors monitoring directors and companies simultaneously.
Director Penalty Notices: Why a Bankrupt Director Can Still Owe the ATO After Discharge
A Director Penalty Notice can survive bankruptcy discharge in certain circumstances. Here's what DPNs mean for creditors monitoring directors and companies simultaneously.
Most creditors assume they'll know when a customer is in trouble. In reality, deterioration is visible months before filing — but only if someone is watching the right signals.
What a Director Penalty Notice Is A Director Penalty Notice is a written notice issued by the ATO to a company director under the Taxation Administration Act.
Before extending credit to a sole trader, run an NPII check and a QLEI search. Two minutes now is vastly less than months of recovery work if they file.