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

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

  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 Guest

    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.

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