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Top Cowell Debt Recovery Questions

Common legal questions answered by Debt Recovery lawyers.

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Q
How are intestate estates handled in Australia?

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If a person dies intestate, their estate is distributed according to the intestacy laws of the state or territory, which typically prioritize spouses and children.;An administrator is appointed by the court to manage...

Q
What are the import tariff rates in Australia?

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Tariff rates vary depending on the product category and country of origin, with specific rates available on the Australian Border Force website.;Australia has free trade agreements with several countries that may redu...

Q
Can I travel overseas if I am bankrupt?

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You can travel overseas while bankrupt, but you must obtain written permission from your trustee.;Failing to get permission can result in penalties, including extending your bankruptcy period.

Q
How are capital gains taxed in Australia?

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Capital gains tax in Australia is calculated based on the profit from the sale of an asset, with discounts available for assets held longer than 12 months.;Individuals must report capital gains in their tax returns, a...

Q
What is the role of confidentiality in arbitration?

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Confidentiality is a key feature of arbitration, ensuring that proceedings and awards are not disclosed to third parties.;Parties often agree to confidentiality clauses to protect sensitive information.

Q
How can one enforce an arbitration award?

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To enforce an arbitration award, one must file an application with the relevant court.;The court may recognize and enforce the award unless there are grounds for refusal under the arbitration laws.

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