Frequently Asked Questions

What happens if I become bankrupt and my loan has been guaranteed?

When you become bankrupt the monies owing on the loan will be caught by your bankruptcy and you will not be required to repay those monies. However, if a third party has guaranteed your loan that person will remain liable to repay your loan in accordance with the guarantee.

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

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