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The bankruptcy process can be very stressful and confusing for many people. However, if you are struggling to understand what assets you can keep whilst bankrupt, our friendly and experienced team at Australian Bankruptcy Services are here to help. Your household effects (including your clothes and other personal effects) will be protected from sale in bankruptcy. Your car worth up

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  There are many explanations as to why people find themselves facing bankruptcy. While some can be prevented, others may be victims to unexpected and devastating circumstances. Here are some of the common reasons why people go bankrupt. One. Unemployment of Loss of Income Loss of a job can cause serious consequences for some people. While some may receive workers

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How long do bankruptcies last in Australia (2022 Update) If you are experiencing financial issues, filing for bankruptcy can help you get peace from your creditors and restore control of your life. Bankruptcy procedures are a significant concern and shouldn’t be treated lightly. Yet, they are overseen by a well-established rules system that ensures the procedure cannot be prolonged without

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A Guide to Bankruptcy Offences When you file for bankruptcy, there are certain guidelines and rules that you must follow. It is not as simple as people think, but if you follow these simple guidelines you should be able to avoid committing any offences which could lead your bankruptcy being extended. You are not allowed to sell or dispose of

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It comes as no surprise that deciding whether or not to declare bankruptcy is a stressful and difficult task. Bankruptcy often comes packaged with a negative stigma that may leave one feeling like their reputation and self-image is on the line. However, though there are some negative consequences to bankruptcy, there are also many advantages that one should consider. We

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