Surviving Bankruptcy In Australia

How To Survive Bankruptcy In Australia

We are firmly of the view that bankruptcy is a great opportunity to become debt-free and reset your life both from a financial and personal point of view.  It is not about surviving bankruptcy; it is about maximising the benefit you get from bankruptcy.

As soon as you have the protection of bankruptcy most if not all of your debts are permanently gone. Your wages, household furniture and effects, tools of the trade, and car are protected within reason to give you the foundations to successfully reset your life and get going again debt-free! Further, once you become bankrupt you can save from your wages in your bank account and your savings are protected.

To get the best result for you from bankruptcy we recommend that you take the time to understand how bankruptcy works and what you can do to maximise the benefit you get from your bankruptcy. You are welcome to give us a call on 1300 794 492 to discuss your circumstances and how bankruptcy will work for you.

To explore bankruptcy further, we recommend the following articles on our website:

1/ What is bankruptcy? How does it work? 

2/ Getting on with daily life.

3/ Wages Super and Spending.

To get the most out of bankruptcy we highly recommend that you also look at the benefits bankruptcy can provide to you personally. We recommend the following article on our website:

1/ Bankruptcy – Create a Holistic Solution.

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

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