Macquarie Links · Compensation Law

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Top Macquarie Links Compensation Law Questions

Common legal questions answered by Compensation Law lawyers.

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Q
What assets are protected in bankruptcy?

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Protected assets typically include household goods, tools of trade, and a limited amount of equity in your home.;Certain personal items and a vehicle with limited value may also be protected from seizure.

Q
How does bankruptcy affect debt recovery?

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Bankruptcy can halt debt recovery efforts and result in the discharge of certain debts.;However, secured creditors may still recover their collateral despite bankruptcy proceedings.

Q
What is the difference between a sole trader and a company?

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A sole trader is an individual running a business, while a company is a separate legal entity owned by shareholders.;Sole traders have unlimited liability, whereas companies provide limited liability protection to the...

Q
What are the rules around workplace discrimination in Australia?

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Workplace discrimination in Australia is governed by the Fair Work Act, the Sex Discrimination Act, and the Racial Discrimination Act, among others. Employees are protected from discrimination based on race, gender, a...

Q
How can I sponsor a family member for an Australian visa?

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To sponsor a family member, you must be an Australian citizen or permanent resident and meet the sponsorship eligibility criteria.;The process involves submitting a sponsorship application, supporting documents, and e...

Q
How does bankruptcy affect credit rating?

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Bankruptcy significantly impacts your credit rating, making it difficult to obtain credit in the future.;The record of bankruptcy remains on your credit report for up to five years or longer in some cases.

Q
How can a contract be terminated legally?

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A contract can be terminated legally by mutual agreement, performance, breach, or frustration.;Termination clauses in the contract itself can also dictate the conditions under which a contract can be ended.

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