- Should I feel bad about becoming bankrupt?
- Do I have any contact with my creditors when I become bankrupt?
- Can creditors chase me for payment once I have become bankrupt?
- Can creditors garnishee my wages once I have become bankrupt?
- Does bankruptcy stop me from paying off debts caught by my bankruptcy?
- Does my debt go away?
- What debts are not removed by bankruptcy?
- Can I keep my assets – will I lose everything?
- Can I keep my car?
- Can I keep the tools I need for work?
- Can I keep my tax refunds while bankrupt?
- Do I still need to lodge tax returns while bankrupt?
- What happens to child support payments?
- Will I lose my super?
- Will anyone come to my home?
- What happens – I have a Self–Managed Super Fund?
- I need to go overseas. Is overseas travel possible?
- I gamble. How much trouble am I in?
- What happens if I am gifted money while bankrupt?
- Will bankruptcy stop me from getting a credit card and personal loan in the future?
- Will bankruptcy destroy my credit rating for good?
- What happens if my debt has been guaranteed?
- What happens to my electricity, gas and telephone account?
- Will my partner be dragged into my bankruptcy?
- Does bankruptcy clear tax debt in Australia?
- Will the trustee have access to my bank account?
- Can I gift money from my wages while bankrupt?
- Can I save money from my wages while bankrupt?
What Happens When You Become Bankrupt?
Alan Nicholls’ no obligation help desk
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.