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You should be able to go bankrupt on your own. My bil has to do it and got the paperwork sent out to him
As stated you can go bankrupt but will still be liable for the tax debt. ATO debts became an exemption to bankruptcy because people were going bankrupt because of tax debts. You should be able to modify your payment plan to an affordable amount.
I thought even if you go bankrupt you still have to pay your ato debt? We too have a tax bill from the last 2 years (as didnt do tax) and we have a payment plan with them. We pay a certain amount each week - i just do it online with a code they give you.
even if you go bankrupt you still have to
Pay ato & sper ( state penalty enforcement register i think it stands for, court fines, speeding tickets etc)
It will probably release you from your other debts though to make it easier.
Even if you die your next of kin is responsible for your ato & sper debt.
When i declared bankruptcy it cost me nothing. I called got paperwork. Filled it in, attached copies of all outstanding debts.