In a post-Enron world professional practitioners are increasingly exposed to financial risk. The mere cost of litigation, let alone the award of damages, might bankrupt a defendant.
At the same time professional indemnity insurance cover at sufficient levels has become more difficult to obtain and is certainly much more expensive than in the past.
To add to this already risky environment the Commonwealth Government has plans to strike at prophylactic measures taken by professionals. A family law style transparency for asset protection entities is being promoted by the ATO and ITSA.
Knowledge is power. This seminar was about individual practitioners and bankruptcy and what they might do to avoid family assets being exposed to financial risk.