Bankruptcy is a process that most people want to avoid, as it comes with some very serious consequences. Not only will a Trustee have to investigate your financial affairs and potentially sell some of your assets to pay back your creditors, but you will also have a mark on your credit file and a permanent record on the National Personal
Month: June 2015
4 Handy Tips for Debtors
Are you bankruptcy’s next victim? Bankruptcy affects thousands of Australians each year. In the first three months of 2015 alone, a total of 4,379 Australians filed for bankruptcy — a 5% increase from the previous quarter. The latest statistics from the Australian Financial Security Authority reveal that the most common age of insolvent debtors are people aged between 35 to
Trust in Your Bankruptcy Trustee
Australian Bankruptcy Services (ABS) offers one of Australia’s leading private Registered Bankruptcy Trustee services. We are leaders in the field of personal insolvency and can provide advice and professional administration regarding bankruptcy and any of its legal alternatives. The process of declaring bankruptcy can be extremely daunting. Many people choose to consult with a Registered Bankruptcy Trustee, be it for
Exploring your Bankruptcy Options
At Australian Bankruptcy Services (ABS), we understand the concerns that people face when deciding whether or not to declare themselves bankrupt. That’s why we are here to answer your questions and help you explore your bankruptcy options. At ABS, we offer comprehensive financial assessments to determine your current situation; in certain circumstances, you may be able to avoid bankruptcy. Our
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