Free Bankruptcy Assistance
Fast, Confidential and no Obligation
Free Bankruptcy Assistance
Fast, Confidential and no Obligation

How We Can Support You

Bankruptcy Sydney can really help you with anything which you wish to know about going bankrupt. Everyone’s circumstances are unique and require a qualified approach. We have set the six most commonly asked questions on this page so you are able to get a prompt and uncomplicated answer. If you need to get further facts advance through our site or simply call us on 1300 818 575..

My Home

The thought of losing the family home is certainly the primary reason that people hold off going bankrupt and push the issue to the back of their minds. The question that almost everyone has to understand when thinking about insolvency is if they can retain their family home? The answer is YES in a lot of cases.

To keep it straightforward its honestly regarding the equity you have in the property, or rather how much your home is worth beyond the mortgage amount. Supposing that your house has very little to no equity within it, then it is most likely you will maintain your residential property so long as you always keep paying the property loan, rates etc. Typically there is even more to this tale and you may have different problems, so do not hesitate to call us on 1300 818 575, to obtain the correct suggestions you need to have about your residential property.

My Car

The second frequently asked question is if you can keep your motor vehicle if you are bankrupt? The answer to this in many cases is YES! Put simply if your vehicle is at present on finance and you can continuously maintain the repayments its likely you will certainly be able to retain your motor vehicle.

If you own your car straight-out and have no financing then you can easily possess a vehicle up to the wholesale value of $7,500.

Bankruptcy Sydney,Bankrupt Sydney,Insolvency Sydney

Bankruptcy Sydney,Bankrupt Sydney,Insolvency Sydney

In case both of these two situations don’t apply to your car then contact us on 1300 818 575.

My Company

Could I lose my firm in the event that I declare bankruptcy? The reply in most cases is NO! You can easily retain your business and file for bankruptcy. This is perhaps the most challenging element of any type of bankruptcy. The bottom line is the government does not want you to become without a job and bankrupt so therefore you can continue as a self employed individual as a sole trader once you are insolvent. You can not be the director of a company for the 3 years you are bankrupt. If you have your own small business and need to file for bankruptcy then give us a call on 1300 818 575.

My Earnings

Personal bankruptcy unlike Debt Agreements, Personal Insolvency Agreements or Consolidation Loans a lot of the time you don’t need to pay back the financial obligation unless you earn over certain amounts of earnings. For instance if you make under $1,050.00 each week in the hand or after tax (net) for the 3 years you are insolvent then you will never pay a cent to the debt. If you pay child support or have dependent children then you are able to make more. There is a table on the bankruptcy page of this website with better detailed information if you need to know more.

My Credit File

Is my credit rating ruined for life? Answer is NO! Your credit rating is basically ruined for the 3 years you are bankrupt. Then after the 3 years you will be considered a discharged bankrupt on your credit file, this indicates there are plenty of lenders that will help you get a home loan or a vehicle loan etc. To have a perfect credit rating again it will take 5 years, or 2 more years after the 3 year bankruptcy duration.

How Much will it Cost

Obviously this is certainly not an easy one to answer, as every case we undertake is unique. Having said that, sometimes we can help you file for bankruptcy at no charge. That’s right. If we can assist you do this for FREE then we will certainly guide you. Sometimes that are basic it will cost $395. There are much more complex scenarios where the price is more. If you need to get an idea on what your situation will amount to simply call us on 1300 818 575.

Call:1300 818 575

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