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There is a misconception that when people declare Bankruptcy, they are released from all their debts. This is not the case. While Bankruptcy does help to cover most debts, there are some that still need to be repaid. So what debts are covered by Bankruptcy and what debts are not? Unsecured debts Bankruptcy covers most unsecured debts and releases them

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Bankruptcy: 5 Signs It’s Time to File If you’re experiencing financial hardship, you may think that’s time to file for bankruptcy — not so fast. That may not be the best option for your unique financial situation. Here we tell you five signs that it’s time to file bankruptcy. 1.You’re Using Savings to Pay Bills It may be tempting, but

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After countless hours of consideration and learning about all the possible options to service your financial obligations, declaring bankruptcy might be the best solution for you. Declaring voluntary bankruptcy is certainly not an easy decision, however, it can alleviate you from financial stress and will allow you to start afresh and gain control of your finances again. Bankruptcy is designed

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When Should I Declare Bankruptcy? Bankruptcy can be a difficult situation and decision to make.  At Australian Bankruptcy Services, we are happy to guide you through the process.  While it can be challenging to decide when or if bankruptcy is right for you, there are signs that it might be your best option. Owing Too Much Paying back your debts

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What is a Bankruptcy Trustee? When you file for bankruptcy, it can be a challenging time. By law a bankruptcy trustee must be appointed to administer your bankrupt estate. If you choose to file for bankruptcy, you can either choose your own trustee or apply through the Australian Financial Security Authority (AFSA). AFSA is a government agency. If you apply

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