2024
Filing bankruptcy can be a daunting prospect for many Australians facing financial difficulties. However, understanding what it entails can help demystify the process and empower you to make informed decisions. This guide aims to provide a comprehensive overview of what filing bankruptcy involves and how it may impact your financial future.
Bankruptcy
Bankruptcy is a legal process designed to assist individuals who are unable to meet their debt obligations. When you declare bankruptcy, you're legally declaring that you're insolvent, meaning you're unable to repay your debts.
