Gambling or hazardous speculations prior to bankruptcy
AFSA is seeking feedback on draft guidance concerning the offence of gambling or hazardous speculations prior to bankruptcy, under s 271 of the Bankruptcy Act: Practice Guidance (IGPG) on Gambling Offences. Some background might assist. The offence refers to pre-bankruptcy conduct that materially contributed to, or increased the extent of, the bankrupt’s insolvency, or lost […]