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The process offormally declaring bankruptcy can be a daunting and complex one.Once you have made the decision to declare yourself bankrupt and chosen a Bankruptcy Trustee, you will need to begin the bankruptcy form application and lodgement process. The required bankruptcy forms consist of: A Debtors Petition. This is a form that expresses your need to declare bankruptcy. A Statement

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As the holiday period comes to an end, thousands of Australians find themselves low on funds and riddled with debt. Financial experts are encouraging Aussie debtors to focus on remaking repayments as soon as they can in the New Year, rather than making efforts to save money for the future. The numbers and facts: Australian household debt has reached an

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Bankruptcy and debts are two things that everyone hopes to avoid through life, particularly during the festive season. For those in debt, silver decorations and ornaments may be easy to spot during Christmas – but the silver lining can be much more difficult to see. While some individuals incur their own financial difficulties, many are struck with unexpected loss of

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Many Australians struggle to pay back their credit card debts. Statistics show that, on average, a credit card holder has $4,291 worth of debt. This amount would take roughly 30 full years to pay back. For some people, this may not be an issue. But for many, repaying credit card debts is an ongoing uphill battle. On top of credit

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If you have been struggling with debt for a long time, waking up to the reality of not having to pay back another dollar of your debt may sound too good to be true. No more calls from creditors and all legal cases made against you dropped… That’s exactly what filing for bankruptcy does. A bankruptcy allows you to move

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