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
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.