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Consequences of bankruptcy include loss of assets, impact on credit rating, and restrictions on obtaining credit.;You may also face limitations on running a business and certain travel restrictions.

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You should notify your insurance company and provide evidence of the damage, such as photos and repair estimates.;Your insurer will assess the claim and either approve repairs or offer a settlement for the damages.

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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...

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Compensation law deals with providing financial recompense to individuals who have suffered harm or loss due to another party's actions.;It covers a range of claims, including workplace injuries, public liability, and...

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Legal aid is typically available for criminal law, family law, and some civil law cases, including debt and housing issues.;Eligibility for legal aid depends on the specific guidelines set by the legal aid commission...

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In Australia, the statute of limitations for defamation is generally one year from the date of publication, although extensions may be granted in certain circumstances.;It's important to act quickly to gather evidence...

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Liquidating a company in Australia involves appointing a liquidator to wind up the company's affairs, settle debts, and distribute any remaining assets to shareholders.;The process is governed by the Corporations Act...

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Fault in personal injury cases is determined by assessing evidence such as witness statements, accident reports, and expert opinions.;The concept of negligence, which includes duty of care, breach, causation, and dama...

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Verbal contracts can be enforceable in Australia, but proving the terms can be challenging without written evidence.;Certain types of contracts, such as those involving real estate, must be in writing to be enforceable.

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Builders have the right to be paid for their work, to work in a safe environment, and to access necessary information from clients.;They also have rights related to the quality and timely execution of work as per the...