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How Does Bankruptcy Effect My Life
Bankruptcy is not the ‘end of the world’. All Bankruptcy does is free you from almost all of your debts.
Some things you may not know about Bankruptcy:
You can keep household goods like furniture, television, etc. Everything that is of reasonable value;
Your credit report will display that you are Bankrupt for FIVE years. You can also find it on a public record called THE NATIONAL PERSONAL INSOLVENCY INDEX for life;
You will probably loose some of your assets that are worth over $7,500 including your house and your car. However, there are ways to keep it. We can help;
For an individual, you can earn the amount of $52,543.40 after tax;
For a person with two dependents, you can earn the amount of $66,730.12 after tax; and
If you have any debts such as Child Support, Centrelink etc. you will need to pay that.
Get a FREE Consultation – because facing bankruptcy alone is hard, that is why we are here with you all the way. Please remember that you are not the only one facing bankruptcy, trust us we have support hundreds through the process.
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1300 88 70 93
Safeguard Insolvency works closely with professionals that can help you with liquidation.