Free Bankruptcy Assistance
Fast, Confidential and no Obligation
Free Bankruptcy Assistance
Fast, Confidential and no Obligation

How We Can Help You

We can help you with everything that you would like to know about going bankrupt. Everyone’s circumstances are unique and require a professional solution. We have put the 6 most frequently asked questions on this page so you can get a quick and easy answer. If you need more details continue on through our website, or simply call us on 1300 818 575.

My Property

The idea of losing the family residence is certainly the number one reason that people hold off declaring bankruptcy and push the concern to the back of their thoughts. The inquiry that almost everyone needs to understand when thinking about insolvency is if they could keep their family residence? The answer is YES in a lot of cases.

To try to keep it straightforward its really about the equity you have in the property, or rather what amount your house is worth over and above the home mortgage sum. Supposing that your residence has very little to no equity within it, then it is very likely you will maintain your household just as long as you always keep paying off the home loan, rates etc.

Normally there is so much more to this story and you will likely have different thoughts, so do not hesitate to get in touch with us on 1300 818 575, in order to get the exact assistance you require regarding your property.

My Vehicle

The next most often asked concern is if you can have your motor vehicle if you are bankrupt? The answer to this in most cases is YES! Put simply if your vehicle is currently on finance and you are able to continue to maintain the charges its most likely you will manage to keep your car.

If you own your car outright and have no financing then you can possess a car up to the wholesale worth of $7,500.

In case either of these two situations do not apply to your vehicle then call us on 1300 818 575.

My Company

Will I lose my business organisation if I declare bankruptcy? The answer in many cases is NO! You can easily keep your business organization and file for insolvency. This is potentially the most complex element of any type of bankruptcy. The bottom line is the government does not wish you to be jobless and insolvent so as a result you can proceed as a self employed individual as a sole trader once you are bankrupt. You may not be the director of a company for the 3 years you are bankrupt. If you have your very own small business and have to file for insolvency then contact us on 1300 818 575.

My Income

Personal bankruptcy unlike Debt Agreements, Personal Insolvency Agreements or Consolidation Loans in many cases you do not have to pay back the financial obligation except if you earn over specific amounts of earnings. As an example if you make under $1,050.00 per week in the hand or after tax (net) for the 3 years you are bankrupt then you would never pay a cent towards the debt. If you pay child support or have dependent children then you can certainly make more. There is a table on the bankruptcy page of this site with significantly greater information if you wish to know more.

My Credit File

Is my credit rating damaged for life? Answer is NO! Your credit rating is essentially damaged for the 3 years you are insolvent. Then after the 3 years you will be considered a discharged bankrupt on your credit file, this indicates there are a lot of loan providers that may help you get a home loan or an auto loan etc. To have a perfect credit rating again it will take 5 years, or 2 more years after the 3 year bankruptcy period.

How much Money will it Cost

Naturally this is not an easy question to answer, as each case we take on is unique. Having said that, sometimes we may help you file for insolvency at no charge. That’s right. If we can assist you do it for FREE then we can help you. Sometimes that are simple it will cost $395. There are many more intricate circumstances where the price is higher. If you need to get an idea on what your situation will require simply phone us on 1300 818 575.

Call:1300 818 575

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