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What I like about bankruptcy

  • Liabilities are caught by the bankruptcy upon obtaining a bankruptcy number
  • It enables persons to earn and keep sufficient income for them to be able to provide for themselves and their family
  • Bankruptcy protects the essential needs of a person, enabling life to go on, ie household furniture and effects, motor vehicle to auction value of $7,500 etc
  • Monies can be saved during bankruptcy provided they are kept in a bank account (can not be held in shares, managed fund etc)
  • Bankruptcy is not advertised in the newspapers
  • Overseas travel for work or holiday is available, provided you first obtain the Trustee’s consent

Alan Nicholls Bankruptcy Advice

Alan Nicholls specialises in assisting those in financial difficulty through the process of understanding & filing for bankruptcy. For more details see the contact information below: