How Will Declaring Bankruptcy Affect My Family? The bankruptcy process entails many ramifications that may have a flow-on effect to other family members. When you declare yourself bankrupt, the bankruptcy does not automatically extend to your family unless a family member has guaranteed your debts. Assets When you declare bankruptcy, your assets may be taken and sold to help clear
Month: February 2019
How ABS Can Help You File for Bankruptcy
Making the decision to declare Bankruptcy is already difficult. This is why, at Australian Bankruptcy Services (ABS), we want to make the process of filing for Bankruptcy as smooth as possible. While you have the option of filing for Bankruptcy yourself, the Bankruptcy laws in Australia are very complicated and so it can be difficult to understand the technical
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