Bankruptcy
At Debt Negotiators, we make it our commitment to you to exhaust all other alternatives before considering bankruptcy as a legitimate option to erase your debts. If all attempts to resolve your financial situation have been thoroughly considered, the bankruptcy option can be used as a last resort.
Debt Negotiators will always attempt to consolidate debt before considering bankruptcy because the consequences of bankruptcy are serious. Generally, bankruptcy last for three years, but can be extended in certain circumstances.
The consequences of Bankruptcy include:
- Sale of some assets (although you will be able to keep some)
- Earn income up to a certain limit
- Employment might be affected
- Impacted credit record
- Restricted permission to travel overseas for three years
A debt Negotiators debt analysis expert will take the time to assess your financial situation, formulate a budget and develop a financial solution to suit particular, individual situation. For a judgement-free consultation, contact Debt Negotiators today.
For more information on Bankruptcy, or to learn more about any of Debt Negotiators’ Debt Solution services, including Bad Debt Consolidation, Debt Analysis, Mortgage Consolidation and Refinance, Debt Agreements and Budgeting Advice call 1300 351 008 today or contact us online.
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