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	<title>Bankruptcy Support</title>
	<link>http://www.bankruptcysupport.com.au</link>
	<description>Bankruptcy Information &#124; Forms &#38; Advice for Australians</description>
	<lastBuildDate>Mon, 09 Jan 2012 06:51:41 +0000</lastBuildDate>
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		<title>Welcome to Bankruptcy Support</title>
		<description><![CDATA[Bankruptcy Information &#38;  Advice Specialists
Going bankrupt can have severe implications for people. To avoid bankruptcy you need to explore all available options.
We can provide professional advice &#38; information to Australians and also advise people on all options as to how you can avoid going bankrupt. View our detailed pages on Bankruptcy Information or call [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/bankruptcy-support/going-bankrupt-can-have-serve-implications-for-people-to-avoid-bankruptcy-you-need-to-explore-all-available-options</link>
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		<title>Step 1: Assess the Criteria</title>
		<description><![CDATA[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&#8217; petition if:

it is not in the prescribed form;
it is not accompanied by a Statement of Affairs;
The Official Receiver is [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/help-people/bankruptcy-creteria</link>
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		<title>Step 2 &#8211; Get Expert Advice</title>
		<description><![CDATA[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.
As [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/help-people/advice</link>
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		<title>Step 3 &#8211; Consider your Options</title>
		<description><![CDATA[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.

What are my options?
You can file for bankruptcy voluntarily or you can be made bankrupt through the courts (ie an involuntary bankruptcy) which [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/help-people/bankruptcy-options</link>
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		<title>Step 4 &#8211; Complete the Forms</title>
		<description><![CDATA[The Insolvency Trustee Service Australia (ITSA) publish and process Bankruptcy Forms.
To become bankrupt you will need to complete and file the following documents:

Statement of Affairs;
Debtors Petition; and
Prescribed Information

The bankruptcy forms can be downloaded from the ITSA web site here, FREE of charge.
Statement of Affairs
A debtors&#8217; petition must be accompanied by a Statement of Affairs.  The Statement [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/help-people/bankruptcy-forms</link>
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		<title>Understand the Restrictions of Bankruptcy</title>
		<description><![CDATA[Step 5 &#8211; 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 [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/help-people/understand-the-restrictions</link>
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		<title>Don&#8217;t Commit an Offence whilst bankrupt</title>
		<description><![CDATA[Be careful not to inadvertently commit an offence whilst you are bankrupt. Committing an offence whilst you are bankrupt could lead to your bankruptcy being extended for up to 5 or 8 years and in some cases can lead to a prison sentence and or a fine.
Listed below are some offences described in the Bankruptcy [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/help-people/dont-committ-and-offence</link>
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		<title>Debt Agreement</title>
		<description><![CDATA[A Debt Agreement is a legally binding debt restructuring agreement with your creditors.  With a Debt Agreement creditors will typically accept less than 100% of their debt and the interest will be frozen.
However, before your creditors will agree, they will need to be satisfied that your circumstances allow you to qualify for a Debt Agreement.
You [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/debt-solutions/debt-agreement</link>
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		<title>Personal Insolvency Agreement &#124; PIA</title>
		<description><![CDATA[A Personal Insolvency Agreement (PIA) is another formal restructuring agreement with your unsecured creditors.  A Personal Insolvency Agreement is also known as a Part X arrangement as it is administered under Part X of the Bankruptcy Act.  Only a
To be eligible to propose a PIAyou must be insolvent, ie you cannot pay your debts when [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/debt-solutions/personal-insolvency-agreement</link>
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		<title>Debt Management</title>
		<description><![CDATA[Debt Management is the process where you may choose to negotiate directly with your creditors to settle your debts.
If you only have one or two creditors we recommend that you first approach your creditors directly and try to negotiate an informal payment arrangement.  If you have more than two creditors negotiating an informal arrangement may [...]]]></description>
		<link>http://www.bankruptcysupport.com.au/debt-solutions/debt-management</link>
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