Bankruptcy Proceedings

BANKRUPTCY PROCEEDINGS

Bankruptcy is no small matter, but it’s not the end of the world

Bankruptcy happens to all sorts of people and for many different reasons.  Regardless of whether you’ve been good with managing your finances or not, it’s not an offence to file for bankruptcy, and can help you to make the best of a bad situation.

Bankruptcy immediately stops all creditors from calling you for payment, and it’s usually very fast. After filing for bankruptcy, your Trustee will notify your creditors (both secured and unsecured) within a few days of filing, and you’ll no longer be responsible for payment. Your Trustee will then handle all communication with creditors and oversee your financial affairs for the 3 year period that you’ll be declared Bankrupt.

Bankruptcy is no easy feat, and carries certain restrictions on home owning, assets and business owning, however it allows you to effectively start over. We’ll walk you through the pros and cons and be there to help you every step of the way.

HOW IT WORKS

3 simple steps to financial freedom

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    Step 1: Secure your free debt assessment

    Our debt advice experts take the time to understand your situation and deliver you practical solutions to your problems.

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    Step 2: Let Credit Counsellors do the hard work

    We negotiate with your creditors to reduce your debt and take care of all of the paperwork. We’ll also stop the phone calls,  legal action & protect your assets.

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    Step 3: Say hello to a debt free future!

    Our debt solutions will leave you with one affordable payment that takes care of all of your unsecured debts.

Here to help every step of the way.

We'll assess your circumstances and formulate a solution that gets you back on track. Contacting Credit Counsellors Australia is the start of your journey toward a better financial future.