Question
A family member is facing severe financial difficulties and is likely to be made bankrupt as a result.
We were discussing what assets might be seized, which we assume will be his house and an investment property. However, I remember reading somewhere that superannuation is not normally available to the people who supervise bankruptcies.
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One thought I had was whether or not it is worthwhile putting extra money into super under these circumstances?
Can you clarify what the position is?
Answer
You are partially correct. Assets that…