Why Bankruptcy is a greater issue for SMSFs

Bankruptcy

Bankruptcy is never a pleasant prospect for anyone, and much less for those who have a Self-Managed Superannuation Fund. The reality, however, is that people who have invested into an SMSF have more complex issues when dealing with bankruptcy than others. Here are the top 3 reasons why:

1. You become disqualified

This is the main reason that so many people who invest into their SMSF have problems. What happens is either they become bankrupt or another member of the fund becomes bankrupt and then …