- Australia's #1 Legal Community is a community of 10,000+ Australians, just like you, helping each other.
Ask a question, respond to a question and better understand the law today!
Join us, it only takes a minute:

QLD Credit Card Debt - Can I be Sent into Bankruptcy?

Discussion in 'Debt and Bankruptcy Law Forum' started by steve elraes, 7 October 2015.

Find a Lawyer Form
Find a Lawyer Form
Find a Lawyer Form
  1. steve elraes

    steve elraes Member

    7 October 2015
    Likes Received:
    Hi, I have a 30K credit card debt with a judgment against me. I am paying $100 per month. Can I be sent into bankruptcy by the company who purchased the debt?

  2. Sophea

    Sophea Well-Known Member

    16 April 2014
    Likes Received:
    Hi steve,

    It depends on the precise terms of the payment plan that you are on with your creditor, but generally a holder of a judgement debt against you can serve on you a bankruptcy notice and if you fail to pay the sum demanded in the notice it is prima facie an act of bankruptcy. Then they can file a creditor's petition to bankrupt you.

Share This Page