Am i eligible For Bankruptcy If I Earn A wage?

Is there a limit on how much I can earn, to be eligible to apply for bankruptcy?

No, how much you earn or how much you owe your creditors has no bearing on your ability to file for bankruptcy.

Debt and filing for bankruptcy

To file however, you must be unable to pay your debts as they fall due. You also must be living in Australia or have some connection to the country. If you are not living in Australia and wish to file for bankruptcy, we recommend that you give us a call to discuss your circumstances and we will give you guidance on what you will need to do.

We are here to help. If you have any questions please give us a call on 1300 794 492 or email

Further Reading: We recommend our article ‘What is Bankruptcy? How Does It Work?‘.

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