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 49 years.

But young Australians are struggling too. One in 10 Australians have defaulted on a bill payment, leading to a mark on their personal credit file — and it’s young Aussies that are the most guilty of this.

At Australian Bankruptcy Services (ABS), we want to help all Australians — regardless of age — get back on their feet. That’s why we’ve compiled a list of the top 4 tips for those in financial trouble:

Tip 1
Facing a potential default?
Contact your credit provider or bank immediately to discuss your options. Generally, they will have ways to assist you.

Tip 2
Create a budget and revise it when necessary. Seek ways to cut costs and increase income whenever you can.

Tip 3
Get information about your options.
There are numerous debt solutions out there, ranging from debt agreements to bankruptcy. Visit our information
portal to see if bankruptcy is the most beneficial solution for you.

Tip 4
Seek immediate professional advice.
Everyone’s situation is different, so a professional opinion is always recommended. The team at ABS are licensed experts in the field who have had years of experience and can guide you in the right direction.

If bankruptcy seems to be the only option left for you, take action now and call our hotline for free immediate advice.

To get a free debt assessment today or to talk to one of our licensed and professional debt advisors, call ABS on 1800 462 767 or visit our website . All calls and enquiries are free, entirely confidential and, if required, anonymous.