Archive | Help People
Step 1: Assess the Criteria
Do you have a connection with Australia?
Australian Residents
Residents of Australia are free to file for bankruptcy if you have overwhelming debts which you cannot pay. The Official Receiver at ITSA has the discretion to reject a debtors’ petition if:
Step 2 – Get Expert Advice
9/09/09
It is critical that you approach an organisation with the genuine expertise in bankruptcy. You should enquire if the organisation has a Registered Trustee that practices in bankruptcy.
At Debt Free we have a private bankruptcy trustee who has a wealth of experience in practising bankruptcy, so you can be assured you will expert bankruptcy advice.
Step 3 – Consider your Options
8/09/09
Bankruptcy Options
If you are considering bankruptcy, you should carefully assess your options, including your options to avoid bankruptcy. If you file for bankruptcy without carefully exploring your options it may be too late.
Step 4 – Complete the Forms
7/09/09
The Insolvency Trustee Service Australia (ITSA) publish and process Bankruptcy Forms.
To become bankrupt you will need to complete and file the following documents:
Understand the Restrictions of Bankruptcy
5/09/09
Step 5 – Understand the Restrictions of Becoming Bankrupt
You should fully understand the restrictions which bankruptcy may place on your life before declaring yourself bankrupt.
If you can avoid bankruptcy by entering into a Debt Agreement or a Personal Insolvency Agreement, you may be able to avoid some of these restrictions which bankruptcy may place on [...]
Help People
10/09/09