Creditors you owe money to such as credit card providers, trade suppliers, the Australian Taxation Office are able to commence formal legal proceedings in the Courts to recover amounts due to them. If left unattended by you, it could ultimately see you declared bankrupt.
Have you recently received or been served any of the following documents:
- A Statement of Claim;
- Bankruptcy Notice;
- Creditors Petition for Bankruptcy.
If you have received any of the above documents you should seek urgent advice from an insolvency professional who will be able to discuss the ramifications and options available to you. Receipt of some of these documents can constitute an act of Bankruptcy and it is important that the right advice is obtained. They can also impact your credit rating.
We are Registered Trustees and have in excess of 25 years experience in discussing and advising individuals regarding personal insolvency options. The options available to individuals are regularly changing – so get the right advice and be able to make an informed decision.