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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

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    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?

    Thanks
     
  2. Sophea

    Sophea Well-Known Member

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    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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