As you can imagine, I hear countless stories of consumer debt daily and the unfortunate fallout on daily life as a result.
Debt is stressful, the calls, letters and harassment, instigated by the debt collectors, only serves to ramp that stress up. However, I am hearing more and more consumers wishing to go bankrupt, when their situation is far from requiring such drastic action.
I totally understand that the idea of bankruptcy may seem appealing to some consumers in a debt spiral. An instant end to all your problems, by simply signing some forms. The truth though, bankruptcy is confusing, not to mention emotionally devastating it is a serious decision.
Bankruptcy can stop foreclosure on your home, repossession of property. Bankruptcy cancels many—not all—of your debts.
Bankruptcy doesn’t clear:
- Student loans
- Government debts like taxes, fines or penalties
- Child support and alimony
- Expensive items purchased right before filing bankruptcy like cars, boats, or jewelry
However, even if you declare bankruptcy, the courts can require you to pay back certain debts. Each bankruptcy case is unique, and only a court can decide the details of your own bankruptcy.
Your bankruptcy becomes public domain.
This means your name and other personal information will appear in court records for the public to access. That’s right . . . potential employers, banks, clients and businesses can access the details of your bankruptcy.
Do not panic, send me a list of your debts and your current situaion and I will help you
I spend a lot of time in court challenging and beating debt collectors. I spent months researching commonwealth consumer protection laws, ACCC and ASIC guidelines, I decided to challenge them on 23 key points. Now I started this website to help people feeling trapped and bullied with nowhere to turn. I will gladly help you beat them too, send me an email using the ‘Contact Us‘ form on the right hand side of this page, tell me your situation and Ill help as many people as I can, or simply Click Here