The Increase in the Minimum Debt for Personal Bankruptcy in Australia

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The paper looks at the change in Australian legislation which has increased the minim level of indebtedness required for a creditor petition from $2,0000 to $5,000. The increase itself is considered in the context of Australian insolvency laws along with the consideration at the time the amendment was made. The paper ends by discusses the potential of implementing a similar amendment for corporate insolvency. Sixteen sources are cited in the bibliography of this twenty two page paper.