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Bankruptcy isn’t something to be ashamed of

Did you know?

  • One in 911 Australians become bankrupt at some point in their life
  • More than 20,000 Australians declare bankruptcy each year
  • 20% of bankruptcies are business related, not personal

Once upon a time, bankruptcy carried a stigma; however, times have changed.

Although bankruptcy remains a last resort for those in debt – and it is always recommended that you seek professional advice regarding whether bankruptcy is the right solution for you – it has become a socially acceptable way of getting yourself out of a difficult financial position and moving on with your life.

At Australian Bankruptcy Services (ABS), we speak to thousands of Australians about their financial problems. We understand that when it comes to serious financial difficulties and decisions, people may feel ashamed or embarrassed which can prevent them from getting the help they need.

Unfortunately, serious financial issues do not solve themselves.

If you are too embarrassed to discuss your mounting debt with friends or family, you may feel more comfortable speaking with a licensed professional who can provide you with the advice you need in a friendly and non-invasive manner.

Why speak to us?

At ABS, our expert and licensed bankruptcy advisors have had years of experience in helping Australians get out of their financially distressing situations. We provide impartial and obligation-free advice to guide you to a brighter financial future.

If you act soon enough, you may be able to avoid bankruptcy with alternatives such as entering a debt agreement. Call ABS today on 1800 462 767 to discuss the options available to you.

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