Should I apply for Bankruptcy?

Posted on: 18 Oct 2018

budget blog

Should I apply for Bankruptcy? 
Never apply for Bankruptcy for debt relief as a knee jerk reaction to an immediate financial crisis, the Laws governing Bankruptcy is complex and cleverly written to endorse lawful seizure of assets you may assume to be protected. Think about the consequences, seek out legal advice for further confirmation and after weighing up the benefits verse the costs then make your decision for debt assistance. This blog was written by Laurence Hugo of Credit Mediation Service Pty Ltd, professional Debt Negotiators. For more information on debt mediation and how we can help contact Laurence on [email protected] or 02 9899 6100. This article is not intended for legal advice, if you require legal guidance on the matter of Bankruptcy please seek out a professional in the field for further guidance. For more information, go to: www.afsa.gov.au