Bankruptcy Advice from the Horse’s Mouth

How to become bankrupt in Australia

Sometimes we find ourselves in over our heads. And when it comes to debt, it can take a real toll on our wellbeing. That’s why I’ve simplified the process to get you back on your feet as quickly and as smoothly as possible.

The steps to bankruptcy in Australia

Initial Consultation

I start with a FREE, confidential and no-obligation chat where you can remain as anonymous as you’d like. I assess your situation and determine whether bankruptcy might be right for you.

I also provide you with my FREE ebook so you can learn more about bankruptcy and how it could apply to your circumstances and financial position.

Completion of Bankruptcy Form

If bankruptcy is the best option for you, the next step is to complete the 23-page Bankruptcy Form. The form is usually considered difficult to complete because most people don’t understand the questions and have never experienced the bankruptcy process before.

That’s why I provide my clients with a Bankruptcy Form checklist as well as ongoing guidance so that the form is completed accurately and to the required amount of detail.

Nominating Alan as your trustee

Talk to me about becoming your trustee. I will help you through bankruptcy and out the other side to your new life.

Lodgement of Bankruptcy Form

Once the application form is complete, I will lodge it for you with the government and help you with any follow-up questions that the government may have.

Many people find this is one of the greatest benefits of having me help them with their application.

Acceptance

The government will then review and accept the form and you will receive an email with your bankruptcy number and date of bankruptcy.

When you receive this information, you will have the protection of bankruptcy and your unsecured debts will be permanently cleared.

Start to restore the ‘calm’ in your life

Your life will begin to feel normal again. You will notice that your next pay will no longer be eroded by minimum payments to keep creditors at bay.

My role as a Bankruptcy Trustee

You might be wondering what is my role as a bankruptcy trustee?

Put simply, when you file for financial bankruptcy, you can either nominate a trustee like myself to administer and manage your bankruptcy and help you through the process. Or you will have one appointed to you by the Australian Financial Security Authority (AFSA).

It is important that you have a chat and decide whether you would like me to be your trustee before you file for bankruptcy. If you lodge your bankruptcy form without nominating a trustee you will have no say on which trustee AFSA will appoint to administer your bankruptcy. Your selection of a trustee when filing for bankruptcy is a once only opportunity.

Your bankruptcy trustee deals with your creditors so that you can start fresh, free from harassing calls.

The bankruptcy process MAY involve dealing with some of your assets; however I will work closely with you to ensure the best possible outcome for you and your family.

If you choose to nominate me as your registered bankruptcy trustee, I will work with you and discuss the bankruptcy options for individuals so that you are well aware of your situation and how bankruptcy will look for you.

Learn more about my experience as a Bankruptcy Trustee.

Have some follow up questions?

You’re not alone. In fact, in 2019-20 more than 12,000+ personal bankruptcies were declared in Australia. So, if you’ve thought it, somebody has probably asked it before.

*Source: afsa.gov.au

When you feel comfortable, take a deep breath, reach out and relay your situation.

If you’d like to call now, I’ll answer

1300 060 122

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We’ll be in touch

Book a friendly chat

I sincerely value your privacy.

No matter how you choose to contact me, every discussion will remain completely confidential.

To get your best result from bankruptcy – I recommend that you let go of the past and focus on your future.

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