Bankruptcy Australia-fixbadceredit

When you declare Bankruptcy, you will be released from your debts and your creditors will no longer be calling, emailing, sending letters, and knocking on your door.

Below are some ways Bankruptcy can relieve the burden of debt:

• The pressure is taken off you because you don’t have to deal with your creditors
• Legal action against you to recover many types of debt will stop.
• The Sheriff will not be able to take your essential household goods
• You will be able to keep some protected property such as essential household goods and a motor vehicle (speak to our debt expert for more information and the conditions that apply)
• You can still earn an income
• Most of your debts are cancelled.