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Bankruptcy Brisbane has been assisting the people of Brisbane with bankruptcy for years now and we have the experience and industry-skills to realise the ideal solution to your financial troubles. We pride ourselves on our ability to help ordinary, everyday Australians in Brisbane to turn the intrinsically distasteful bankruptcy procedure into a manageable and ultimately advantageous experience that will guarantee financial security. The broad spectrum of professional services offered by Bankruptcy Brisbane can help to make debt resolution simpler and less expensive than you would ever have thought possible. Don’t let your debts continue to pile up while your creditors continue to pursue increasingly draconian measures. Bankruptcy Brisbane is your solution to debt worries. Seek the skilled guidance of our Insolvency Experts today and find out how we can aid in putting a definite end to your money worries.

Bankruptcy Brisbane will keep your creditors at bay and apply clever, proven methods for settling your debts and securing your future. Bankruptcy Brisbane values the people of Brisbane like no other insolvency practitioner. We operate exclusively in Brisbane, meaning that we understand the specific contributors to financial difficulty that operate in the Brisbane marketplace and how best to resolve them. However, our affiliation with a national network of insolvency practitioners also allows us to take nationwide principles and resources and apply them to the benefit of our clients’ bankruptcy proceedings in Brisbane. At Bankruptcy Brisbane, we know how demanding and intimidating it can be to tackle individual insolvency. However, we also know that doing so is always better than doing nothing, so we make it our objective to work with you in Brisbane to spot issues, risks and decisions and handle the financial impact of your bankruptcy to the benefit of all relevant stakeholders and your future commercial dealings.

A Debt Agreement is an offer to creditors that is permissible under Part IX of the Bankruptcy Act. Bankruptcy Brisbane recommends Part IX Debt Agreements to patrons who wish to avoid formal bankruptcy and have adequate resources remaining or small enough debts outstanding to facilitate doing so. Debt Agreements are fundamentally an agreement between you and your creditors, wherein your debts will be seen as settled once you have either payed off the full amount in affordable instalments (generally over a 3-5 year time span), or paid one lump-sum that is less than the total amount due but still satisfactory to your creditors (e.g. you might pay 80 cents on each dollar payable). Bankruptcy Brisbane can usually offer inexpensive Part IX Debt Agreements to our clients who are insolvent, but have not previously been bankrupt or subject to similar agreements. Speak to Bankruptcy Brisbane today and find out if you could be eligible for a Part IX Debt Agreement.

A second option to avoid formal bankruptcy that is potentially accessible to our clients in Brisbane is known as a Personal Insolvency Agreement (PIA). Bankruptcy Brisbane can suggest PIAs under the legislative provisions of Part X of the Bankruptcy Act. Generally, PIAs are for those who have large amounts of debt, but still wish to avoid formal bankruptcy measures. Akin to a Debt Agreement (see above), a PIA will let you pay off your debts in instalments or in a one-off lesser sum. However, as PIAs relate to larger amounts of debt, they necessitate the appointment of a trustee to supervise the arrangement and transfer of assets. Bankruptcy Brisbane will assign an experienced trustee for you and coordinate terms of settlement that embody the best interests of your future finance. There are, however, certain detriments and consequences to PIAs, so before considering entering into one it is imperative that you speak with the competent Insolvency Experts at Bankruptcy Brisbane.

As stated above, occasionally your state of affairs will mean that bankruptcy is inevitable (almost certainly through no fault of your own). This is nothing to be alarmed about: bankruptcy is a process to help you, not hurt you. If your monetary troubles do necessitate bankruptcy, this phase will generally last for three years; however, there is an alternative that Bankruptcy Brisbane can offer. Section 73 Proposals allow our clients to annul their bankruptcy significantly earlier than is customary, allowing for all of the positive effects of the process while minimising the detriments. Through professional, affordable services for Section 73 Proposals, Bankruptcy Brisbane could help you to end your bankruptcy after a matter of mere months instead of the customary three years. Even if your financial difficulties are so great that bankruptcy is unavoidable, Bankruptcy Brisbane can still provide a light at the end of the tunnel and ensure your financial future is secured as quickly and affordably as possible.