My Story

Hello, I’m Slade McInerney and I designed this website to be a tool for people considering bankruptcy. I have been through bankruptcy myself and understand the pressure you are going through. I was deeply in debt for years long before I even seriously considered bankruptcy. I must say though, declaring bankruptcy has been one of the best decisions of my life.

A little bit about me, I have operated a small business. I have a Bachelor of Business with majors in Economics and Accounting. Recently I completed a Masters of Financial Planning.

I am sure like me, you have tried working harder, longer or writing yet another new budget hoping for a change in your luck. I have tried all those things, multiple times, and none of them worked. I started losing hope and felt like I was trying to swim up a waterfall. The pressure it was placing on my life from a financial aspect, mental and physical health aspect, was becoming unbearable. It wasn’t until I filed for bankruptcy that it started to dissolve and I started to feel like myself again.

I knew about bankruptcy and logically it made sense – but emotionally? That was the hard part! I worried that people would find out about it and think less of me. The reality was very different.

I found the hardest part of bankruptcy was dealing with the space between my ears. You think that people are talking about you , looking at you, that they know you are bankrupt. These were my thoughts as I walked the supermarket aisles, wondering who I would bump into, who was staring and judging me.

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The truth is, everyone has their own problems to deal with. The majority of people are too preoccupied in their own lives and problems to be thinking about yours. I often tell people that if they got into a lift full of people, the chances are one of them would have been bankrupt, or had a family member go down that path.

Once I made the decision to go bankrupt, I felt so much better, I was taking control again. It was all thanks to a friend who took the time to talk to me and made me see things clearly. He said I was wasting my life and it was time to take a hand in my own recovery – and he was so right. The friend that helped me was Alan Nicholls and I created this website, so as I can pass to you the knowledge and comfort he gave me when I was considering if bankruptcy was the correct path for me. I was so impressed that I now work with Alan helping people, the same as he helped me. I work for Alan’s company Nicholls Resources Pty Ltd and enjoy every day – helping people, trying my best to make a positive impact on people’s lives, it’s great.

For me, bankruptcy was the best thing I could have done. I drew a line in the sand. I took control of my life and I started moving forward – I haven’t looked back. In fact, my motto now is “look forward, never back”. I have heard it said that bankruptcy is a “word” and not a “sentence” and I have found this to be true.

Once I became bankrupt no one on the street  knew unless I told them – and that will be the same for you. I began to live a much happier and healthier life as the stress levels went down. I recommend that you start taking steps to create a better future for yourself too!

So let me guide you to a better understanding of bankruptcy, the journey starts here. Bankruptcy can be a real solution.

When I went through bankruptcy, good quality information on bankruptcy was really hard to find. The site that helped me most was Fred Appleton’s bankruptcy website, www.fredappleton.com.au. Fred is now retired and very sadly Fred’s son Stephen passed away in April, 2018. Fred is a great friend of mine and  I hope you find this website a great resource and very helpful in the same way that Fred’s site helped me. My aim is to make it easier for people to understand what bankruptcy involves. I understand how daunting and overwhelming it can be.

Explore this website and read as much as you can, as many times as you need. If you need any more information about how bankruptcy works, you can contact me by email hello@understandingbankruptcy.com.au or phone 1300 794 492. This service is free.

My advice to you is not to do anything until you understand bankruptcy and you are comfortable with the knowledge of how it can help you. This will allow you to make sure you make the best decision for you and your future. If I can help you achieve that, I am happy.

Kind regards,
Slade

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