Frequently Asked Questions

Is there a minimum amount I must owe to be eligible to apply for bankruptcy?

No, to file for bankruptcy you must be unable to pay your debts as they fall due, there is no dollar amount requirement. You also must be living in Australia or have some connection to Australia. 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, to file for bankruptcy in Australia.

We are here to help. If you have any questions please give us a call on 1300 764 197
or email hello@understandingbankruptcy.com.au

Further Reading: We recommend our article 'What is bankruptcy? How does it Work?' and 'Bankruptcy – What Is It?'.

Rest assured, there is a way forward.

Ask Us A Question

Give us a call on 1300 794 492
Alternatively, you can leave us a message and we will get back to you as soon as possible