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Bankruptcy in Bunbury and how to avoid getting bitten.

When people in Bunbury ask me about Bankruptcy, I love telling them about the traditional Native American Myth of the little boy and the Rattlesnake. An old rattlesnake demands a passing young boy to take him to the mountain peak to see one last sunset before he dies. The boy was reluctant, but the rattlesnake swore not to bite him in exchange for the lift. They journeyed side by side only for the snake to ultimately bite the boy even after his promise not to do so. The snake’s reaction was ‘You knew what I was when you picked me up.’ – Now it is a tale that is also known as the Scorpion and the Toad, and by many other names, but the message is the same – know what you are getting before you pick it up.

bankruptcyAcquiring the right financial advice in Bunbury with Bankruptcy is a whole lot similar to that little boy’s journey, loaded with risk and peril, and usually skewed for the benefit of the person providing the advice. Most of the time you’ll get bitten unless you know what you’ve picked up long before you continue (steer clear of the rattlesnakes). I discovered the dilemma with getting financial advice as a teenager, and it has actually been crucial to Bankruptcy. I ‘d been working very hard for a few years, and saved up a modest sum of money I chose to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite rewarding. I spent a few years researching various investment possibilities, and I went to see a few financial advisors. It was clear that they had a lot more money than I did: they had good suits and posh offices, they all seemed to exhibit confidence and have all the answers. What hit me was that they all had a very different concept of what I should do. This puzzled me so much that it put me off the whole idea of going with any of them.

I’m sure that you have read more than enough online to be totally puzzled about Bankruptcy and precisely what to do. It would most likely be much easier for me to help you know the nature of the financial snakes you may be grasping while you are aiming to get to the bottom of your financial problems in Bunbury. Generally, you have to try and determine what your overarching alternatives are, do your very own investigation into where to push on with your strategy for Bankruptcy, then afterwards approach what you feel is best in Bunbury for your needs. Essentially, you have 3 choices for who to choose.

The first choice is a Solicitor– This may appear like the best option when you seem to be in trouble. But certainly there is only just so much help they can offer on this issue. There are absolutely specialist legal advisors in bankruptcy, but their experience comes with a hefty price.

Another option you may think of is your accountant– they are extremely helpful and vital to the program of managing your business, but for the most part, when you are thinking about Bankruptcy, your accountant won’t be much support to you any more.

Your best choice? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and more or less all you have to know when it involves Bankruptcy.

If you want to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to talk to Bankruptcy Experts Bunbury on 1300 795 575, or visit our website:


Bankruptcy in Bunbury and the Trouble with Trustees.

Ordinarily when people consider Bankruptcy in Bunbury they have no understanding of just what a Trustee is, but really they are among the most important individuals for the next few years of your life. They have power over a lot of your assets and choices you can make.


When dealing with the possibility of Bankruptcy it is difficult to see clearly and tricky to become confident that you have made the most ideal option. It is for that reason that you have to ensure that you are obtaining expert recommendations as well as making sure you talk this through with your friends and family for help. One of the most significant main reasons that you must get expert recommendations when it concerns Bankruptcy in Bunbury is because they will arrange to actually tell you about not just what will affect you today, but what Bankruptcy will mean for the next few years of your life.

So who or exactly what is the Trustee?

The Trustee is basically the individual put in charge of overlooking your bankruptcy and taking steps in the best interest of all people. They will make reviews and inquiries into your unpaid debts, they will appropriately take command of the debtor’s property and financial affairs, and they will keep track of what you can and can not. In Bunbury this can also include your capacity to travel internationally, operate certain sorts of business, or carrying particular kinds of licences. Typically, if you look into Bankruptcy, you will notice that you will endure through a bankruptcy period of 3 years and 1 day, and throughout that time the Trustee is going to be a critical character– particularly as if you violate any of the rules they can in fact extend your bankruptcy to 5, or maybe 8 years!

There certainly is a list of responsibilities that you have to satisfy when it concerns Bankruptcy– and learning about the implications of all of it is one of the essential reasons you should seek skilled recommendations. At Bankruptcy Experts Bunburywe provide a Free- No Commitment Examination which you can establish from our website or call 1300 795 575.

However here is a simple guide of some of your duties to the trustee when bankrupt

  1. First of all you need to comply with all requests made by your trustee– this is quite easy, if your trustee asks you to perform anything, or for a bit of relevant information about you or your business then you need to produce it. This additionally implies that you will need to supply all books, statements, and other documents to the trustee.
  2. You must tell the trustee in writing right away if you move home– they need to regularly know exactly how and where to get in touch with you, or else it looks like you are planning to hide.
  3. You must ask for the trustee’s permission ahead of time before going overseas. Regardless if it is an urgent or dilemma, you still will need to ask for permission– you might also have to surrender your passport to the trustee if required.
  4. You should tell the trustee right away if you become aware that you failed to remember to confess any details surrounding assets or creditors.
  5. You must tell the trustee right away if you get any new assets– this means your car or property in spite of how you receive them. As a matter of fact, there is specific mention within the policies that you need to also inform the trustee if you win any money or prizes, or if you inherit anything as the named beneficiary of a deceased estate.

As you can see, the whole system of Bankruptcy is complicated, and the trustee truly is a powerful person all throughout the whole process. They have the ability to ensure the operation operate smoother, or to reject specific actions, but inevitably they are present to function as an impartial third party position in between you and the individuals you owe money to.

With any luck you have uncovered a little bit from this and you now comprehend that there is a lot of demanding components to Bankruptcy and that you need to make certain you are receiving the right recommendations and comprehending all the complications of obligations placed upon you when Insolvent– particularly how essential the trustee could be. If you have any inquiries or worries about anything here, or if you would like to cover Bankruptcy in general, then please get in contact with us here at Bankruptcy Experts Bunburywe for a Free Consultation without any obligations which you can arrange from our website or call 1300 795 575.

Bankruptcy Bunbury

Bankruptcy in Bunbury – Am I going to lose my job if I go bankrupt?

Simply speaking everyone handling Bankruptcy in Bunbury has this fear about their job, and the answer to the question is ‘maybe’. The trouble with some professions isn’t that you cannot do the job any longer, it’s more a concern of professional bodies or institutions that view bankruptcy in a dim light and can keep it complicated for you.

When it involves Bankruptcy and employment in Bunbury, what I would advise is that you do your own research here, do the research and look at that process to start with before declaring bankruptcy – considering that this may help you make a decision. Check to see if your job is on the list shown below. If it is, I ‘d contact them directly and clarify your situation. Some affiliations won’t have a problem with your bankruptcy just as long as it wasn’t accompanied by dishonest or questionable behaviour.

If you are affected by this area of Bankruptcy and licences, in many cases you wouldn’t lose your Licence permanently; it just gets suspended for the 3 years of your bankruptcy. If your job happens to be on the checklist and you’ve talked to them but they won’t be convinced, then I ‘d recommend you seek some qualified advice. This may be just one of those rare occasions when I ‘d endorse using a Debt Agreement or a Personal Insolvency Agreement.

Remember in most cases you don’t need to leave the industry you are working in; you just have to work under another’s Licence temporarily. In the building sector this is especially important: if you’re an electrician for instance, there is nothing stopping you partnering with another electrician in Bunbury under their Licence.

Please check out the table below, it deals with the license and company part of Bankruptcy. It’s set up on a state by state premise, and you’ll notice that there’s a listing called “Operating a business.” Please don’t fret if you run your own company. Just one of the limitations of bankruptcy is you can’t be a director of a business, but all this really means is that you must restructure your business.

Simply for your peace of mind I’ll tell you now that you can still own and run this company as a sole trader. There are no limitations: you can hire staff and turn over any level of money. Normally people who run their own business have debts that are business related and it can become truly complicated, so it’s best to obtain some experienced advice as opposed to going it alone.

If you wish to learn more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to get in contact with Bankruptcy Experts Bunbury on 1300 795 575, or check out our website:


Bankruptcy Experts Bunbury – how travel can get you in trouble.

Something that some people don’t know when they take a look at Bankruptcy is that it can effectively stop you from travelling abroad. This is an aspect that many individuals neglect, and it can actually get you in a lot of trouble.

bankruptcy-imageIn case you are facing Personal bankruptcy then traveling is possibly one of your minor considerations– but it is nevertheless crucial to know about. However if you are currently more anxious about assets, your house, your home, and what they are going to leave you with, then I would totally recommend you make use of our free consult at Bankruptcy Experts Bunbury on 1300 795 575.

But I wish to clarify to you here a little regarding a number of your responsibilities and limitations that are placed upon you when it relates to Bankruptcy. Now don’t let all of this stop you from looking at Bankruptcy, since it is practically often the most intelligent choice to make, but I wish you to become knowledgeable about all the situations that can impact you.

So first of all, when it comes to Bankruptcy you need to recognize that as soon as you declare bankruptcy you are to be deemed a bankrupt until it comes to an end following discharge or annulment. This will generally be 3 years and 1 day after you file.

But! This may be extended if you break the policies. There are a number of them, so please do seek advice from a qualified specialist service, like that at Bankruptcy Experts Bunbury. For right now, let us review overseas travel.

Firstly, it is an offense to travel while bankrupt, or even to make arrangements to travel without having the written authorization of your bankruptcy trustee. As explained the rules on this specific part of Bankruptcy are very clear, and you can face an extension of your insolvency time period– or even face imprisonment upon conviction. Essentially these regulations exist to stop someone who is facing bankruptcy from leaving the country. For the majority of people out there who, as an illustration have a local business in Bunbury and have just made some poor judgments, this won’t be the risk, but the limitations will still apply.

For instance, we once had a client in Bunbury who declared personal bankruptcy and a year later was sadly informed that their mother passed away in her home in England. Our customer, undoubtedly upset, went on the next flight readily available to go and see her relatives. However, this was in conflict of the bankruptcy conditions, and she truly dealt with some substantial problems for leaving the country without consent.

In all honesty, if she had adhered to the procedure there would certainly have been no serious problem as a result of the events, but rules are rules.

The technique encompassing Bankruptcy and international travel is an option on the part of the trustee, but if you do not request consent you are going to end up in trouble– and that is just among one of the typically neglected restrictions when it involves Bankruptcy. You should make sure that you understand as much as you can about Bankruptcy as early on as possible given that only then can you try to make the best decision for your circumstance. I suggest that you utilize our free consultation at Bankruptcy Experts Bunburyon 1300 795 575. And if you have any other questions or concerns about foreign travel or Bankruptcy, then also take a look at our website


Bankruptcy and Superannuation.

Superannuation is confusing enough, not to mention when you need to think about Bankruptcy also. At Bankruptcy Experts Bunbury we frequently have a lot of people talking to us about what will happen to their super, and if you possess a regulated or industry fund (like most superfunds) then your super is secure, and Bankruptcy will likely have no impact upon your super. Nonetheless, if you possess a Self-Managed Super Fund then you could discover some troubles because there are various things you can not do when insolvent related to the management of finances.

This is really a growing concern with a number of Australians in the last few years; the ATO tells us it has grown Australia-wide from 758,589 in 2009 to 1,011,689 in 2014. So what occurs to these Superfunds when it boils down to Bankruptcy?


As I recommended previously, a basic option to your SMSF problem is to put your super back into a standard regulated managed fund before personal bankruptcy and save yourself all the issues outlined above.

Firstly, if you are thinking about Bankruptcy, you can not be a part of a SMSF. Why? Because if you are confronting bankruptcy, you will be grouped as a ‘disqualified person’. And a disqualified person can not operate as an Individual Trustee. This leads to a problem because typically most of the SMSFs are just 2 individuals, which implies the two of these users must also be the individual trustees. The position of trustee sets a bunch of legal rules, and if you are in this position I would strongly urge you to become familiar with them all– as an example the fact that you can not ‘know or suspect’ that one of you are bankrupt. So you can observe how an individual insolvency could be quite harmful to a SMSF and as you can imagine the process of Bankruptcy for a SMSF is rather convoluted.

Irrespective if you phone us or somebody else it does not matter, just please don’t walk into bankruptcy blind when it concerns your SMSF. In fact because Bankruptcy is so complicated with SMSFs we encourage you to get both legal and financial advice before proceeding with any one of the decisions pointed out within this short article.

So what occurs if one of the members of an SMSF does enter Insolvency?

For starters, the SMSF will want to be reorganized. This means that you will certainly wish to think about your whole structure and ensure it is satisfying the basic terms, incorporating aspects like maintaining a new trustee that is not coping with problems with Insolvency. The Australian Tax office will provide you a 6 month ‘grace period’ to get this accomplished before you face punishments. And take into consideration, in some cases the most optimal strategy would certainly be to simply roll the fund into an industry or corporate fund.

More than these large-scale restructuring matters, there is a lot of paperwork to cope with too, and you need to be continually keeping the ATO notified of what is taking place. This suggests you have to let them know that you have a bankruptcy issue with your current trustee, that they are being eliminated as quickly as possible and let them know who the new trustee/director is. The Bankrupt will also have to update the ATO using the form NAT 3036 (Found on the ATO website) and they need to also notify ASIC of their resignation.

During that 6 month period of time you will need to remove the Bankrupt from the SMSF– including their property and assets. Keep in mind if you are uncertain call Bankruptcy Experts Bunbury for some complimentary recommendations on 1300 795 575.

What happens if I use a single member fund?

However, if you are a single member fund the Bankruptcy can be a bit different because you will need to designate a new director (because it can not be you from now on) you are going to need to make a great deal of tough selections with this therefore consulting with a professional is going to be essential. You can easily get in touch with Bankruptcy Experts Bunbury for some free guidance on 1300 795 575.

From that you can discover how when it involves Bankruptcy, even though one single member is dealing with troubles, it can have an effect on the very existence of an SMSF. If you are at this point facing this concern yourself, or with a partner in a SMSF, please seek financial advice to make sure you are meeting the ATO requirements.

Bankruptcy is certainly never easy, but finding appropriate suggestions is the very best first step. If you would like to talk about your options further, contact us at Bankruptcy Experts Bunbury or visit our website: or just call us on 1300 795 575.

Bankruptcy Bunbury

Bankruptcy and Bunbury, the Tricks Rich People Know about Bankruptcy.

Bankruptcy in Australia is something that individuals seldom want to ever speak about. It is a taboo subject matter, and when a person is enduring a personal financial matter people tend to be quick to identify them rather than assist them. For the most part the whole process of Bankruptcy is of course likely to be a confidential concern, but that can make it hard since one of the greatest components of life is being able to learn from other people’s errors. However if all of the stories about Bankruptcy are being kept private, where can you learn? Well often it is going to be great to check out the wealthy and powerful folks who have endured this who tend to hide in the shadows of both the corporate world and our individual lives. It’s the utmost taboo subject matter. The worry is perception– considering that in reality going bankrupt is primarily a solution that we have the capacity to utilize to safeguard ourselves, and rich individuals understand this. Wealthy people have found that bankruptcy is a vital component of staying in business. In certain situations, factors don’t develop just like you had expected, that the market has altered and the numbers basically don’t work any longer. If you are taking care of a business in Bunbury, then take note, because (and not to sound too dramatic) learning more about this may help you to rescue your business, vehicle, house and family.image

I mean if you think of Clive Palmer’s nickel mine and the fall of the Dick Smith string of customer electrics you can see how Bankruptcy can be intriguing. Both have closed up but both high profile owners are still wealthy and worth millions of dollars. So how does that work? Just how can these particular people have effectively had a substantial business failure, and yet had this barely influence their individual wealth? It is because of the fact that they understand the nuances of Bankruptcy.

To begin with, when it comes to Bankruptcy there are clear ways to secure assets in your business tasks, means to separate off your assets and essentially place a wall in between a business, and your property and motor vehicle. Usually this takes the form of a legal trust, so if you wish to get more information about this then talk to a specialist when building your Bunbury establishment. However, this really should be done before you start having problems.

The next thing that you should discover Bankruptcy from this is that often there could be a period of time when you will certainly want to step back from this business that is struggling and know when to call an end to it. That is what has occurred with Clive Palmer and Dick Smith– both of these have been managing businesses long enough to understand when it is not likely to be successful any longer therefore they end the business as opposed to going down with the ship.

The judgment that surrounds Bankruptcy is something that I would love to have eliminated, since when we really think of it, there are a lot of people that this influences– such as the public figures and rich people– who merely shrug it off, and so why must the average individual who makes a bad decision or two believe they have failed?

If you have ever resided in a Bushfire sensitive location you would recognize that you have 2 options: fight or retreat – and the exact same can be said of business. If you battle with a struggling business in certain scenarios you can save it, but the majority of the time you will be swallowed up by the flames. But if you are clever you will retreat, let the organization of Bankruptcy help extinguish the flames and save your home. As with any aspect of life, this is a difficult decision, and this is one that you should rarely make with no professional advice, but don’t ever hesitate to look to Bankruptcy when you have to.

If you truly want to find out more about some of your options when it concerns Bankruptcy – such as what to do, where to turn and what questions to ask about Bankruptcy, then don’t hesitate to get in touch with Bankruptcy Experts Bunbury on 1300 795 575, or visit our website:


Filing For Bankruptcy Bunbury, What is the Deal with Debts?

Exactly what Debts are removed if I go Bankrupt?


The quick answer is that when it comes to Filing For Bankruptcy most debts are wiped, and I have featured a chart below for you to look at.

But, put simply some of the exceptions are Centrelink Debts, Child Support, Court fines (like speeding fines) as well as any debts arising from uninsured Motor-vehicle claims and educational debts for example, HECS or FEE-HELP. These debts are not erased when you file for bankruptcy.

What about Secured Debts?

A secured debt is a car loan or a home loan; it is a debt that has some definite security connected to it. So as an example if you buy a new car for $40,000 dollars the security for this car is the actual car itself.

So, can my secured debts be removed if I file for bankruptcy?

Yes. If you have a car loan for $40,000 you can have that debt cleared away if you simply hand back the car. So the lesson is that you cannot have your cake and eat it too (so to speak), so yes all of your secured debts might be wiped but the asset will need to be sold or returned. This is just one facet that, when it comes to Filing For Bankruptcy, it is necessary to get professional help – like that you can find at Bankruptcy Experts Bunbury.

What about my Tax Debts with the ATO can they be removed If I go bankrupt?

Yes they can, both business and personal debts owing to the ATO can be erased with bankruptcy. If you have a business with any kind of debts get some advice because it is not always so easy. Feel free to call us right here at Bankruptcy Experts Bunbury if you have any type of questions on 1300 795 575. Or feel free to head to our website:

What about my business or Company debts?

In some cases when it involves Filing For Bankruptcy we can help you with your business debts, call us concerning this first. Remember bankruptcy applies to an individual not companies, trusts or businesses. Normally you may need to liquidate a company to deal with the debt that way. When it comes to Filing For Bankruptcy, it can be a confusing area, so remember there are implications for a business owner such as insolvent trading. At Bankruptcy Experts Bunbury we specialise in business and personal debts so give us a call here at Bankruptcy Experts Bunbury if you have any questions regarding Filing For Bankruptcy on 1300 795 575. Or feel free to go to our website:


Filing For Bankruptcy Problems! – Just what will extend your Bankruptcy Term?

When it comes down to Filing For Bankruptcy, generally there is a lot of complication because it is generally an area that you really do need to get some firm advice in because typically you may find yourself in an even more severe predicament. That I why here at Bankruptcy Experts Bunbury we truly want to make sure people realize that there are particular things that can really make your Bankruptcy term be stretched from 3 years to 5 (or even 8) years!


Yes, this means that you will be even longer in the ‘Bankruptcy limbo’ so heed our suggestions and avoid inducing any of the following areas– because if you do, then the entire area of Filing For Bankruptcy becomes even more challenging and the Trustee can actually intercede and get your term extended in lieu of letting it automatically discharge.

So exactly how can the period be extended to 5 years?

There are a variety of ways in Bunbury, and these types of are considered the ‘minor breaches’ because they only extend the term to the 5 year mark. So please, while Bankrupt:

  •  Do not continue to act as a Director of a company.
  •  Do not depart Australia without the permission of your Trustee
  •  Do not acquire credit more that the prescribed amount
  •  Do not fail to attend a meeting of your creditors
  •  Do not fail to reveal a beneficial interest or asset
  •  Do not fail to go to an interview organised by your trustee without having justifiable explanation.

And also, if certain additional aspects are discovered, this can also raise the term to 5 years, so if it is discovered that before Bankruptcy, you:

  •  Made a preferential payment
  •  Entered into an undervalued transaction.

So how can the term be extended to 8 years?

So when it comes down to Filing For Bankruptcy, there are some areas that if you breach can effectively end up extending the term to 8 years. So please, while Bankrupt:

  •  Do not fail to give written explanation to the trustee regarding any issues arising from property or income.
  •  Do not incur more credit than the prescribed quantity
  •  Do not leave Australia and fail to come back when asked by the trustee.
  •  Do not refuse to sign a document after the trustee has requested you to sign it.
  •  Do not fail to disclose a beneficial interest in an asset.
  •  Do not fail to explain the purpose of any money spent or property sold 5 years prior to bankruptcy

And again, if prior to bankruptcy you did any of the following:

  •  Deliberately provided any false or misleading information to your trustee
  •  Entered into a transaction, or extreme payments into your superannuation fund with the intention to defeat creditors

Filing For Bankruptcy and these types of term extensions in Australia are confusing and complicated, these lists of problems that you may face are just the tip of the iceberg as far as your choices in Bunbury are concerned. If you need to know more about Filing For Bankruptcy feel free to consult with us here at Bankruptcy Experts Bunbury on 1300 795 575, or visit our website:

Little boy choosing between a cupcake and apple

Filing for Bankruptcy in Bunbury – Choices, Choice, Choices.

When it comes to Filing for Bankruptcy in Bunbury, there are a great deal of choices that we get given depending on who we are, who we talk to, and exactly what has gone wrong. One of the most common trouble I see with Filing for Bankruptcy is when it comes to choosing between Debt Consolidation, Personal Insolvency Agreements, and Bankruptcy itself.

Two Paths

Should I consolidate my debts?

When it comes to Filing for Bankruptcy in Bunbury, much of the information you receive on this matter will reflect the interests of the advice giver. That is why, if you call a debt consolidation provider, I can promise you they will tell you to consolidate your debts. The debt consolidation industry is a multi-billion dollar industry making money in one very basic way: charging you a fee for aiding you wrap each of your credit card and personal loans into a single neat and tidy package.

I hate to tell you this but these people won’t be doing it for free. Please do not misunderstand me: if you consider your financial issues in Bunbury may be fixed by paying less interest, then go on and explore the options. Even a small amount of interest saved over years easily adds up.

Typically I find if you read this blog you’ve probably attempted to consolidate your debts already and come to the following realisations such as these:

– Your credit rating is no good, and your credit file definitely has nonpayments on it so not a single person will offer you a loan, consolidated or otherwise,.

– By the time you work it all out, you’re so far down a hole that saving on a bit of interest simply won’t make a lot of difference,.

– You’ve probably gotten to the stage where you’ve had more than enough, you’re emotionally exhausted, you can’t go on one more day ignoring blocked calls on your phone, ignoring the demands in the mail and so on.

Personal Insolvency Agreements.

So when it relates to Filing for Bankruptcy in Bunbury, what’s the huge difference between a Debt Agreement and a Personal Insolvency Agreement?

Flexibility is the main thing Personal Insolvency Agreements (PIA) have in their favour. They’re also administered by a registered and – might I add – regulated trustee including the government trustee ITSA, and not a private business that advertises on TV. Essentially this method resembles Debt Agreements (DA): The trustee holds a meeting with the people you owe money to and these experts arrange a deal on your behalf. You can offer a lump sum settlement figure or enter into a payment plan, or you can offer them assets rather than cash. This might sound acceptable when it comes to the complications with Filing for Bankruptcy– that is until you realize that one of the problems with PIA’s is that 75 % of the people you owe money to will need to come to an understanding the deal. If they do not, your proposal is rejected or needs to be renegotiated.

Generally people you owe money really want all their money back plus interest. Sometimes they’ll opt for beneath the amount you owe them – it’s typically a percentage of the debt– but let me stress this aspect: because of all the variables involved in the negotiation process to put together a PIA its difficult to put a figure on what the people you owe money to will in fact settle for.

In most cases you’ll have to pay back 100 % of the debt owed. This is not because your creditors are greedy or have a mean streak, it’s because the administrators take 20 % of whatever is decideded upon with the people you owe money to. That applies whether you use a private company for this process or ITSA, the government body setup to administer to these PIAs.

When it comes to Filing for Bankruptcy and insolvency I’ve come across creditors opting for less 80 % on rare occasions, but that usually only occurs with a public company going into receivership owing huge sums of money (the kind that makes the news). If you are were owed $10million and you know the people who owe you the money have a team of clever lawyers and some very clever frameworks in place and they offer 5 % of the debt, you might take it and be grateful. Sadly, ordinary punters like you and me in Bunbury aren’t going to get that lucky!

If you wish to learn more about what to do, where to turn and what questions to ask about Filing for Bankruptcy, then feel free to contact Bankruptcy Experts Bunbury on 1300 795 575, or visit our website: