As you go ‘through the door’ of gaining the protection that bankruptcy offers, I will let you keep up to $2000 in your bank account. Not all trustees allow this.
Once you have declared bankruptcy, you can save what you are entitled to keep from your wages so you can manage your regular living expenses. That includes buying household items, going on holidays and paying for school excursions.
Nicholls & Co provide a free, no obligation ‘help desk’ for people considering bankruptcy – we discuss and explain bankruptcy and answer questions for anyone who is considering bankruptcy. The Nicholls & Co help desk can be accessed by phone (1300 060 122) or helpdesk@nichollsco.com.au . Alan Nicholls, Registered Trustee in Bankruptcy is also available to answer your questions to enable you to decide if bankruptcy is right for you.