Liquidation Direct
INSOLVENCY, LIQUIDATION AND BANKRUPTCY EXPERTS
1300 767 525
CALL US NOW — 24 hours 7 days
You need to upgrade your Flash Player
Click here if you think, you do have the latest flash player.
How are Income Contributions Calculated in Bankruptcy?
A Bankrupt is required to make contributions to the Trustee of their estate where their annual income exceeds the following amounts;
No# of Dependents Income Limit
   0    $40,131.00
   1    $47,354.58
   2    $50,966.37
   3    $52,972.92
   4    $53,775.54
   Over 4 $54,578.16
Contributions are payable by the bankrupt once the above thresholds are exceeded.
Contributions are 50 cents in every dollar (after tax) once the threshold amount is passed.
1300 767 525
CALL US NOW — 24 hours 7 days
Liquidation Experts, Liquidation and Bankruptcy Specialists, Liquidators Registered with ASIC, Bankruptcy Trustees Registered with ITSA, Insolvency and Liquidation Advice, All forms of corporate and personal insolvency, Liquidation throughout Australia, Part IX Debt Agreements, Part X Personal Insolvency Agreement, Bankruptcy Experts.