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What do you know about bankruptcy laws?

Clive Palmer

Clive Palmer Source: (ABC.NET)

Companies and individuals bankruptcy laws.


While Mr. Clive Plummer owes his employees a $ 66 million after he declared one of his factories in Queensland bankrupt, the billionaire and former politician took his wife and 20 family members on a $ 10,000 per person trip.

Whats the difference between companies and individuals bankruptcy and does law protect the bankrupt or the creditors?

Good Morning Australia interviewed lawyer Hashim Al-Husseini to tell us more about this.

 


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