What happens if I declare bankruptcy?

As soon as you become bankrupt, the debts caught by your bankruptcy are permanently gone. Most people say that they do not notice any change in their life until pay day, when their wages are solely for their use with no monies being paid to keep creditors at bay. That’s when most people say they start to feel the pressure come off.

To further explore what happens when you become bankrupt, we recommend our following articles:

1/ What is bankruptcy? How does it work? Click here

2/ Getting on with daily life. Click here

3/ Wages Super and Spending. Click here

Some other articles that we recommend are on the Nicholls & Co website, www.nichollsco.com.au which explain really well what happens when you first become bankrupt. These articles are:

1/ What happens when you become bankrupt with Nicholls & Co Click here

2/ Life during bankruptcy Click here

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