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Smileyface did clarify this in an earlier post. It is a personal debt, not a business debt.

I find this comment a bit strange...... you've got yourself into a situation of being bankrupt by not paying tax, and you are able to tell a trustee, who is likely to have significant levels of training/ experience what they should be doing. I'm not being judgemental ........ I have also had...

Because then they get all the money from the proceeds. My understanding is you could only transfer them to your wifes name if she paid the full amount for them... not just the equity. Its a significant sized debt, and unless you can come to an agreement with the ATO for a payment plan...