declaring bankruptcy

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  1. N

    QLD Debt Collectors - Declaring Bankruptcy Overseas?

    Hi, I am an Australia citizen currently living overseas and I have debt collectors looking for me for 2 credit card debts totaling no more than $25k, I plan to on declaring bankruptcy as I have no current way of repaying the debt. I wish to know my rights and what legal proceeding can be pursued...
  2. T

    Self-Employed Tradesperson and $100K Debt Help

    Hi, Got myself in 100k debt. Half ATO Tax debt and half credit card debt. I'm self-employed tradie doing same job 30years. I find my business can support me. But throw in the wife and child support. Its easy to see when I look back, I lost about 10k a year for 10 years. Easy maths. I rent have...
  3. W

    NSW Lent a Friend Money Who Hasn't Paid Me Back

    Hi there, First off thanks for any advice, its very much appreciated. I've lent a friend $20,000 (personal loan) and its been a year and she isn't putting any effort in paying it back, also there has been lies that she will but never has come through. She has no money and is unemployed so I am...
  4. R

    QLD Son Declaring Bankruptcy - But I'm Guarantor of His House?

    We are the guarantors on my son's house. He has decided he will be declaring bankruptcy. What will happen to our home??
  5. B

    SA Bankruptcy - Will it Affect My De Facto Partner?

    Hi, After a series of unfortunate events I am considering filing for bankruptcy. I have looked at the forms & one of the questions is - Do you have a spouse & what is their income? I am in what is classified as a "De Facto" relationship which I understand comes under the term "spouse" for the...
  6. M

    VIC Can Ex's House Purchased After Separation Be Taken With Bankruptcy?

    Hello, I have the Debtor's petition currently sitting in my Drafts. I was married and we are separated not yet divorced. My Ex has purchased a house. My problem is that I have run up debt and was going to declare bankruptcy, but am scared that they can take his house and he has no idea the...
  7. W

    QLD Gift Assets to Spouse and Declare Bankruptcy?

    Can I protect my assets from legal cost recovery actions by gifting to my spouse and declaring bankruptcy?
  8. E

    Voluntary Administration - How to Respond to Claim Served By Creditor?

    Hi. I am one of 2 company directors which have a claimed served against us from one of our creditors. We have undergone voluntary administration (insolvency option) through BDO two weeks ago. The amount is for $9115.00 + indemnity costs + interest. The date served was 12/08/2014. I am 60 years...
  9. M

    VIC Declaring Bankruptcy - Will I Lose the House?

    Currently I am in debt of $70k to various creditors. I am thinking of declaring bankruptcy as this is my only option. My wife and I have a house. The deed of title is under her name and the property was purchased by my wife a year prior to us getting married. The property is being used as in...
  10. J

    WA Debt - Unpaid Rates

    Hi just trying to get some information on a debt question. Is it too late after 3 and half years to apply for leave of a judgement entered in court? We didn't know at the time we could dispute this in court, when the papers came we just paid as we never disputed what we owed, but believed we...