Your first goal when searching for information about bankruptcy in Australia is to understand exactly what bankruptcy involves. Bankruptcy is a government legislated process that is designed to create a fair outcome for all involved when someone is unable to honor their debts. It frees the bankrupt person from their obligation to pay most types of debts, but also allows for a three year period in which any funds that become available (through earnings, winnings, the sale of assets, etc) will be put toward those debts.

When searching for bankruptcy information in Australia, it is also vital that you understand the alternatives. Bankruptcy comes with many consequences, so for many people, a formal alternative with less severe restrictions might be more appealing. This is where the team at Australian Bankruptcy Services (ABS) comes in. At Australian Bankruptcy Services we have years of experience in dealing with the bankruptcy process and all of its legislated alternatives, and are licensed to provide:

• A comprehensive financial assessment prior to lodging a bankruptcy application.
• The completion of all bankruptcy forms and lodgement with AFSA for processing.
• As part of the comprehensive financial assessment we will review the client’s financial circumstances to determine if there are any formal alternatives available to them.

An in-depth assessment of your financial situation is a vitalpart of the information-gathering and decision-making process. Bankruptcy is not a decision to be madelightly; you need to know how it is going to affect you and whether it is the best option to choose. By calling ABS, Australians considering bankruptcy can receive all the bankruptcy information they will need in order to understand their current situation, available options and future possibilities. Our consultants have years of experience in dispensing bankruptcy information and advice to Australians, and with a Registered Trustee on site, you can rest assured that you are receiving quality bankruptcy information from a trusted professional.

Call ABS today on 1800 462 767 for bankruptcy information and advice on your individual case. We operate 24 hours a day, 7 days a week in order to be available to you when you need it most.