Bankruptcy forms are available on the AFSA website and you are able to file for bankruptcy yourself, however many people are scared or unsure of the process and want help. Here at the Australian Bankruptcy Service we offer a friendly and professional bankruptcy form service. We will guide you through the process of completing the forms and applying for bankruptcy.
Archives: FAQs
What Types of debts are cleared by Bankruptcy?
Bankruptcy? If you have more debt than you can afford to repay you might need to consider personal bankruptcy, but that will depend largely on what types of debt you have. Declaring bankruptcy does not release you from being liable to repay non-provable debts or secured debts. Secured debt If you decide to keep the asset subject to security you
Voluntary Bankruptcy Application
If you have serious debt problems and are unable to repay your debts, you may wish to consider declaring bankruptcy on a voluntary basis. With a voluntary bankruptcy the application it is submitted by you and does not require consultation or approval from your creditors or the Court. This process is known as a debtor’s petition. Once submitted and accepted
Voluntary Bankruptcy – what is required to declare bankruptcy in Australia?
Going bankrupt can be a difficult proposition for many Australians. Many Australians wish to avoid bankruptcy for different reasons. Some people feel ashamed or guilty that they cannot pay theirdebts. Whilst it is natural to feel this way, bankruptcy may be the only way you will be able to find the relief from debt you need. To understand if voluntary
Understand the responsibilities and obligations prior to filing for bankruptcy
Attending on his or her Trustee in Bankruptcy A bankrupt shall co-operate and attend on his or her Trustee in Bankruptcy and provide all books and records that are in the possession of the bankrupt and also if requested deliver up the bankrupt’s passport. A bankrupt must also provide information about the bankrupt’s examinable affairs as the bankrupt requires. Section
The Consequences of Bankruptcy in Australia
The consequences of bankruptcy in Australia can be serious. Therefore it is imperative that anyone considering bankruptcy fully understands the consequences and any alternative solutions that may be available to them. The best way to understand how the consequences of bankruptcy will impact you personally is to discuss your personal situation with an experienced bankruptcy advisor. We offer a toll
Should I declare bankruptcy? – How to know if it’s right for you.
Are you considering Bankruptcy? The first thing you should know is that your situation is not uncommon. Current statistics have the average number of Australians declaring Bankruptcy in a year at close to 20,000. The questions you are asking right now have been asked by thousands of people before you, and the reasons for it are multitude. People lose their
Should I be Ashamed to file for Bankruptcy?
Bankruptcy used to be something that people were ashamed to talk about. Whilst some stigma still remains, with more than 20,000 Australians filing for bankruptcy every year the perceived negative connotations are obviously fading. In many of the cases we deal with people come to us concerned about bankruptcy but find they are actually able to avoid bankruptcy by exploring
Personal Bankruptcy
Personal bankruptcy is never a decision that is to be taken lightly. It is almost always the very last resort for someone in financial distress. Typically people facing personal bankruptcy struggle to sleep at night with the thought of unpaid bills weighing on their mind. The pressure usually mounts from the constant phone calls from creditors and the bill reminders
How do I go bankrupt
Are you thinking about declaring bankruptcy but have some questions about how you go about it? We can help. Before going bankrupt, it is important that you consider many factors, including if it is right for you, whether it will be successful, or if there are other options available for you to tackle your debt problems. If you do decide
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