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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

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Australian Bankruptcy Services (ABS) offers one of Australia’s leading private Registered Bankruptcy Trustee services. We are leaders in the field of personal insolvency and can provide advice and professional administration regarding bankruptcy and any of its legal alternatives. The process of declaring bankruptcy can be extremely daunting. Many people choose to consult with a Registered Bankruptcy Trustee, be it for

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At Australian Bankruptcy Services (ABS), we understand the concerns that people face when deciding whether or not to declare themselves bankrupt. That’s why we are here to answer your questions and help you explore your bankruptcy options. At ABS, we offer comprehensive financial assessments to determine your current situation; in certain circumstances, you may be able to avoid bankruptcy. Our

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May 21, 2015 The role of the Trustee in bankruptcy involves several duties, which must be carried out in strict adherence to the Bankruptcy Act 1966. According to Section 129 of the Act, the Trustee must take full control of the bankrupt person’s property. Furthermore, any properties belonging to the bankrupt automatically vest in the Trustee. A Trustee in bankruptcy

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According to the Australian Financial Security Authority (AFSA), an alarming 4,379 Australians filed for bankruptcy in the first three months of 2015. This number represents a 5% increase from the December 2014 quarterly report, indicating a rising concern for the personal finances of many Australians. Personal insolvency is not a new threat; nor is it looking to go away anytime

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