It’s not an easy decision to declare Bankruptcy and there are often a number of considerations to be given before declaring Bankruptcy in Australia. At Credit Counsellors Australia we do everything we can to help our clients avoid Bankruptcy however, in the few cases where this is not an option, we can ensure you have all the facts you need to make an informed decision. We have helped a number of clients file for Bankruptcy and are here to advise you through every step of the process. Contact us today to discuss your options and legal requirements.Get My FREE Debt Assessment
Voluntary Bankruptcy refers to the process whereby when you are unable to pay your debts and/or reach an arrangement with your Creditors to repay the outstanding debts, you decide to voluntarily lodge a petition (Debtors petition) to become bankrupt.
Involuntary Bankruptcy refers to the process that occurs when an agreement can not be reached to pay outstanding obligations and the Creditor is forced to lodge an application with the court to make you bankrupt.
For further information on how to declare Bankruptcy, to discuss your options, or to understand more around the process of how to apply for Bankruptcy, please contact one of our dedicated team members today.Get My FREE Debt Assessment
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