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Bankruptcy Questions

How am I supposed to pay you your fees if I am going Bankrupt? I have no money?

We keep our fees as low as we possibly can, with having very low overheads. We offer a payment plan option for you to pay at your own pace. The real question is: For Example? Can I afford to pay $400 to clear $50,000 worth of debt and start a fresh financial future? The answer to that is generally YES.

How much debt do I need to have to Declare Bankruptcy?

You can declare yourself bankrupt with any amount. Every person’s circumstances are unique. Someone may only have $3000 worth of debt, but they are unable to find even $5 a week to pay that off. So any amount is OK!

Can I still have credit if I am Bankrupt?

Yes, you are still able to apply for credit to the amount of $3,000. The Institution that you apply through will do their own credit checks though. So it is NOT guaranteed that you will be accepted.

Does being Bankrupt stop me from applying for Rental properties and Utilities?

NO, being bankrupt does not stop you from applying for Utilities or Rental properties. You may however, be asked to pay extra bond or Security, this is for the Lender to cover themselves.

How long does this process take?

That depends on you. Generally though, it takes on average around 3- 10 working days. BUT it can take as little as 2 days.

If you’re ready to get on top of you debt challenges, then Contact Us Now using the form below.

Contact us now for an obligation free chat

I took the decision to call you last year as my financial situation crippling me. Right from the start I found you helpful, reassuring and positive. You handled all the paperwork and completely took the pressure off me. I am now feeling much less stressed, can finally sort out my finances, and look forward to a debt free future.

Thank You

R Hutcheon

Contact Us

The team at Bankruptcy Queensland are ready to assist you, where ever you are located, whether here in Queensland, or indeed anywhere else around Australia.

If you would like to give us a call to discuss your debt situation with one of our friendly, supportive team members, simply contact us using the contact form on this page.

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