Affordable and Friendly

Australian Bankruptcy Service

The law allows you to go bankrupt. When you go bankrupt your debts are written off, this means you do not have to pay them. Some debts like child support, HELP/HECS and court imposed fines won’t be wiped but nearly everything else is. Bankruptcy is a new beginning, a fresh start in life.

Our promises to you

Want to make urgent contact?

Phone 1300 163 017

Keith Dorahy 0404 936 697

1. Guaranteed acceptance. We will guarantee your application will be accepted. Money back guaranteed.

2. We can do all of the following for you:

+ Complete all paper/online work.
+ Provide advice and certainty based on your situation.
+ Deal with the Government (AFSA).
+ Deal with the creditors.
+ Look after your entire case.

3. Our principal is a licensed Debt Agreement Administrator, #1149 through AFSA (Australian Financial Security Authority, the bankruptcy office).

4. AFCA (Australian Financial Complaints Authority) Member #80261. If something goes wrong you have somewhere to go to. Where will you go if you deal with unregulated firms?

5. We provide more service for less fee’s. We won’t confuse you. We make it clear and simple.

Your credit rating
The fact you have gone Bankrupt will go on a government file known as the NPII. It is from here that the credit rating company, Equifax (previously known as Veda or the CRAA) gets the information. They are allowed to hold the details on your file for 5 years.
BANKRUPTCY TIME

Generally you will be Bankrupt for 3 Years. It is during this time that you would have to make contributions from your income if it is over the base income threshold amount. The amount for a person, with no dependants is currently $1,145.00 net (after tax) per week.

ASSETS
If you have any significant assets you would expect to have to surrender them for the benefit of your creditors. However there are some things that you are allowed to keep including a car up to a certain value, household & personal items and tools of trade among other things.
YOUR HOME
Depending on the amount of equity you have in your home, ideally the less the better, it may be possible that you can stay in it (Ask us how). If you have a larger amount of equity you most likely will lose your home. If you are renting going bankrupt will not affect your lease.
BEING IN BUSINESS
Just because you are Bankrupt it doesn’t mean that you can’t have a business or be self-employed. You are however unable to be a director of a company.
OVERSEAS TRAVEL
We have never had a client been refused to travel overseas. If overseas travel is an issue for you then speak to us.
KEEPING YOUR CAR
If your car is under finance it does not mean that you will lose it because you go Bankrupt. Generally if you can maintain the payments you can keep your car.

Get In touCh

We will call you, evenings and weekends.

After hours available

We will consult with you and do all work with you of an evening or weekend.

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We will call you at a time that suits you. >>>>

Can't wait

Call us now on 1300 163 017

Keith Dorahy 0404 936 697

Nothing to lose

At least you will know your options and get an understanding of what can happen.

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