Generally, but not always you will receive a letter from the Bankruptcy Regulator (AFSA) – see attached at the bottom of this post for a sample. Make sure you get a discharge letter because it serves a few purposes, such as peace of mind knowing its over, closure...
When you go bankrupt your credit rating is damaged in such a way that you cannot get loans. However, when you apply to rent a property the property managers will do a series of checks into your past rental history and your employment etc but not your credit history....
It’s very likely if you receive an inheritance while you are bankrupt, and that amount is less than what you went into bankruptcy for the entire inheritance will go towards your debts and you won’t see a cent of it. Put simply if receive an inheritance while you are...
So how much will actually be removed? What financial obligations will I still be left with? Is Bankruptcy really going to assist me get a fresh start? When it relates to bankruptcy pros and cons in Australia I frequently have individuals either stressed that their...
Questions about Bankruptcy Law changes are becoming are increasing dramatically at this very difficult time. So what changes have actually occurred recently to the Bankruptcy Laws. It seems there is an enormous amount of misinformation out there so in an attempt to...
Lots of bills? Too much debt? Not enough money? Lots of people struggle financially at some point in their lives. Unexpected events such as hospitalisation, losing a job, and even divorce, can seriously transform your financial condition. Yet, when there is no other...
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