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 as a fair solution to all your creditors and yourself, ensuring that you no longer have to deal with people chasing up the debt. It is a solution that can provide a peace of mind as it releases you from most of your debts. There are alternative options to declaring bankruptcy, one of which is a Debt Agreement. Debt agreements are a negotiation between your creditors and debt agreement administrator that involves a percentage of your combined debt to be paid, within your means, over a set period of time.

Declaring bankruptcy will have implications on your credit rating and will affect your ability to borrow in the future, however, acknowledging your debts and cooperating with your trustee proves your willingness to service your obligations and is the first step to getting back on track.

If you are looking for a registered Bankruptcy Trustee, then get into contact with Australian Bankruptcy Services. We are all fully licenced and qualified to help you file for Bankruptcy and oversee the process. Call us on our toll-free hotline – 1800 462 767. We operate 24 hours a day, 7 days a week, so there will always be someone on the other side ready to speak to you.