What Assets Will I Lose?
The misconception that you lose everything except for your clothing when you file for bankruptcy is widespread; however, it is false.
Filing for bankruptcy does not automatically result in the forced sale of all of your household furniture and belongings; under most circumstances, they are safe.
In bankruptcy proceedings, some assets may be protected from creditors and may remain available for the debtor’s use, such as a house with equity in it, a car worth more than $8,000 wholesale or large assets such as boats, caravans, motorbikes, shares, rental properties and other investments.
If you fear that you will lose your home, car or other assets because of the financial burden of outstanding bills, contact Bankruptcy Experts on 1300 88 70 93. Our qualified consultants can explain the rules surrounding bankruptcy and take some of the pressure off by gathering all the necessary documents to help you make an informed decision.
You Don’t Need To Loose Everything When Filling For Bankruptcy
At Brisbane Debt Solutions, we help individuals file for bankruptcy and businesses restructure in order to get back on track. Our team of legal experts and valuation specialists will guide you through the bankruptcy process.
We offer service in over 40 locations throughout Australia including Brisbane, Gold Coast, Sunshine Coast, Canberra, Sydney, Melbourne, Adelaide, Perth, Darwin, Hobart, Newcastle and Geelong.
Regardless of where you live in Australia, we can help you over the phone, via email, or by post. There is no need to hesitate; just call us on 1300 88 70 93. To receive a free consultation, all you need to do is give us a call or simply send us an email.
We offer affordable prices for the entire three-year bankruptcy period. We can help you gain complete control over your finances.