Frequently Asked Questions

How to File for Bankruptcy in Australia Yourself

Before you apply for bankruptcy it is important that you understand how bankruptcy works and it is the right solution for you. If you have any questions please give us a call on 1300 719 854 or email

To apply for bankruptcy there is no lodgement fee but the government does require that;

  1. you are unable to pay your debts as and when they are due, and
  2. you are living in Australia or have a house or business connection in Australia

To apply for bankruptcy, there is no minimum or maximum income you must earn. Nor is there a minimum or maximum amount you must owe.

We should however mention that if you are in a Debt Agreement, it must be terminated before you can apply for bankruptcy.

To become bankrupt, it is necessary to complete a document called a ‘Bankruptcy Form’ which is a 23-page document. This document can be completed and lodged online with the Australian Financial Security Authority (AFSA) or completed and mailed to the Australian Financial Security Authority (AFSA) or lodged electronically on your behalf by a Bankruptcy Trustee.

To lodge your Bankruptcy Form online you first need to create an account on Insolvency Services which is operated by AFSA and can be accessed from the AFSA website.

Many people find this process daunting, setting up the portal and completing the 23-page application can add to people's already elevated stress levels. If this is your situation, we can help. We provide the service of giving you assistance and guidance to complete the Bankruptcy Form and we lodge your signed completed Form on your behalf. If you like our help to complete and lodge your application give us a call on 1300 764 197 or email:

Also, if you would like to nominate a Trustee of your choice to manage your bankruptcy, we can introduce you to a Trustee for you to have a chat with before your forms are lodged. That way you are in control. It is important that a person who wishes to become bankrupt appoints a trustee that he or she can work with before filing for bankruptcy. If this does not happen, the person filing for bankruptcy will have no say on which trustee AFSA will allocate the bankruptcy to. The selection of a trustee when filing for bankruptcy is a once-only opportunity. If you wish to nominate your own Trustee, your choice, the Trustee must provide a Consent to Act Form which is lodged with your 23-page Bankruptcy Form. If you need assistance to find a trustee you are comfortable with, give us a call on 1300 764 197 and we will help you.


We trust we have been of assistance. We are here to help. If you have any questions please give us a call on 1300 764 197 or email:

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