Free Bankruptcy Assistance
Fast, Confidential and no Obligation
Free Bankruptcy Assistance
Fast, Confidential and no Obligation

How Can We Help You

How Can We Help You

Bankruptcy Emerald can assist you with anything that you wish to learn about going bankrupt. Everyone’s scenarios are one-of-a-kind and call for a reliable solution. We have put the six most commonly asked questions on this page so you are able to obtain a quick and straightforward response. Should you require additional facts continue on through our site or simply call us on 1300 818 575.

My House

The concern of losing the family household is the greatest reason that people stall going bankrupt and push the question to the back of their minds. The inquiry that everybody should know when considering personal bankruptcy is if they can keep their family residence? The answer is YES in most cases.

So as to make it uncomplicated its truly concerning the equity you have in the property, or rather just how much your house is worth over and above the home mortgage amount. Supposing that your property has hardly any to no equity in it, at that point it is likely you can maintain your residential property so long as you keep paying the home mortgage, rates etc. Naturally there is so much more to this tale and you will have other concerns, so feel free to consult with us on 1300 818 575, to get the correct assistance you are in need of about your house.

My Car

The second frequently asked about question is if you can retain your motor vehicle if you are insolvent? The answer to this in many cases is YES! Put simply if your vehicle is at present on finance and you can continue to keep up the repayments its likely you will certainly have the chance to keep your automobile.

If you own your car outright and have no financing then you can easily own a car up to the wholesale worth of $7,500.

If both of these two instances don’t apply to your vehicle then give us a call on 1300 818 575.

My Business

Might I lose my business organisation if I go bankrupt? The answer in many cases is NO! You can maintain your business organization and file for insolvency. This is potentially the most challenging part of any bankruptcy. The bottom line is the government does not wish you to become without a job and insolvent so as a result you can continue as a self employed individual as a sole trader once you are insolvent. You can no longer be the director of a company for the 3 years you are bankrupt. If you have your very own small business and need to file for bankruptcy then phone us on 1300 818 575.

My Income

Personal bankruptcy unlike Debt Agreements, Personal Insolvency Agreements or Consolidation Loans a lot of the time you don’t need to repay the debt except if you earn over specific amounts of income. For instance if you earn under $1,050.00 every week in the hand or after tax (net) for the 3 years you are bankrupt then you will never pay a cent towards the financial debt. If you pay child support or have dependent children then you can earn more. There is a table on the bankruptcy page of this site with greater detail should you wish to know more.

My Credit File

Is my credit rating damaged for life? Answer is NO! Your credit rating is basically ruined for the 3 years you are insolvent. Then after the 3 years you will be considered a discharged bankrupt on your credit file, this indicates there are a lot of loan providers that can help you get a mortgage or a vehicle loan etc. To obtain a perfect credit rating again it will take 5 years, or 2 more years after the 3 year bankruptcy time period.

How Much will it Cost

Obviously this is not really an easy one to answer, as each case we manage is different. Having said that, sometimes we will help you file for personal bankruptcy at no charge. That’s right. If we can assist you do it for FREE then we will certainly guide you. Sometimes that are simple it will cost $395. There are more intricate situations where the price is more. If you need to get an idea about what your case will amount to simply give us a ring on 1300 818 575.

Call:1300 818 575

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