Generally it’s because they don’t have anything to lose by doing this – but a great many either receive the wrong advice, don’t bother getting advice or are so overwhelmed by their indebtedness that a bankruptcy filing just seems the quick and easy thing to do.

Bankruptcy has consequences

• Minimum bankruptcy period is 3 years, but may be extended
• All of your assets, except those exempt in law, will be vested in a trustee
• Your home, even if it is jointly owned, will be vested
• Your passport must be surrendered
• You cannot manage or direct a business
• You will not obtain any credit
• Your personal details will be recorded on a federal data base
• If you hold an occupational licence it will be automatically cancelled
• You may lose your employment if you are in a position of trust

There are many, many reasons to avoid bankruptcy.

Your financial freedom can be restored and your assets can be preserved by proposing an agreement to settle to your unsecured creditors. That’s the speciality of Credit Counsellors Australasia, Australia’s leading debt solutions advisor.

Debt can be a headache but the reality is that you can make a legally binding agreement and sort out your difficulties today simply by picking up the telephone and speaking with one of our highly trained and qualified debt counsellors.

Guard Your Assets &
Retain Your PEACE OF MIND

At Credit Counsellors your are dealing with the very best in the personal insolvency profession. Our counsellors are highly regarded by all major creditors and hold qualifications in one or more of the following:

• Accounting
• Business
• Commerce
• Law
• Advanced Insolvency Law.

We can put you back on track straight away and without paying out huge up-front fees. There are no up-front fees. You simply meet our out-of-pocket expenses. Few if any in our profession will offer you that consideration. Effective 1 January 2011 you will be required to pay a lodgment fee, charged by the federal government. This fee must be paid, in full, before documents are lodged with ITSA.

If you’re in debt and can’t see a way out – the way out is right there – just call our office now!!

Your Debt Worries
Can End Right Here!
Call 1300 661 671 Now

Or Contact Us Online

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Licenced Debt Solutions Advisor Pursuant to

National Consumer Credit Protection Act 2009.

ASIC Licence:  383790

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Member : Financial Ombudsman Service – 19512