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Bankruptcy usually lasts for three years and one day from the date it is declared.;In some cases, the bankruptcy period can be extended up to eight years if the trustee determines misconduct.

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Claims can be denied due to lack of evidence, missing deadlines, or disputes over liability.;Other reasons include insufficient documentation or failure to follow proper procedures.

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Debt consolidation options in Australia include personal loans, balance transfer credit cards, and debt agreements.;Consolidating debts can simplify payments and potentially reduce interest rates, making it easier to...

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There's a possibility to claim costs after a discontinued prosecution. Generally, the principle "costs follow the event" applies, meaning the losing party pays the winning party's costs. However, there are exceptions,...

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Common issues during property settlement include delays in financing, undisclosed property defects, and disagreements over contract terms.;Ensuring all paperwork is in order and maintaining clear communication between...

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ASIC is responsible for enforcing corporate laws in Australia, ensuring that companies operate fairly and transparently, and protecting investors.;ASIC's powers include investigating corporate misconduct, imposing pen...

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Security deposits must be lodged with the relevant state or territory authority.;Landlords must return the deposit within a specified period after the lease ends, minus any legitimate deductions.

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A franchisor's obligations include providing a disclosure document, ensuring the franchisee receives training and support, and adhering to the franchise agreement.;They must also comply with the Franchising Code of Co...

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Discrimination laws protect students from being unfairly treated in educational settings.;This includes access to education, resources, and protection against bullying.

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Each type has different eligibility criteria and legal implications for the debtor.