Are You Facing Bankruptcy?
If you are having trouble paying your personal debts, and if you are constantly being harassed by creditors, it may be that you are trading insolvent.
The Insolvency Experts can Help You:
Assess your current Situation
Develop a Plan of Action
Understand Your Obligations
We can help you understand your bankruptcy options and consequences.
Call us for an obligation-free consultation today.
Talk to an Insolvency Expert
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Understanding Your Options in Bankruptcy
Are you being harassed by creditors? Under this type of pressure, you may think that declaring yourself bankrupt is the only way out. But that is not the case.
Bankruptcy is but one of your options. However before you declare yourself bankrupt, you need to understand the very negative, and long term effects such a decision will have on you.
You also need to appreciate the fact that there are other informal and formal measures that can be taken to avoid full blown bankruptcy .
The Insolvency Experts are bankruptcy specialists and will explain all your options and help you determine what is the best course of action before you file your debtors petition.
Investigate the pros and cons of Bankruptcy
Before you declare bankruptcy, you must consider all the alternatives.
You must also weigh up whether the short term benefits of bankruptcy are worth the long terms difficulties that you will encounter after declaring bankruptcy.
For instance, while declaring bankruptcy may relieve you of the stress of constant creditor harassment, such a decision will affect your ability to borrow funds, or purchase a property, or even rent a house for many years after the completion of the 3 year bankruptcy period.
Bankruptcy has a very serious and long term negative effect on your personal credit rating. In this regard, commercial credit ratings agencies will record your bankruptcy for at least 7 years. In addition to this, a government listing known as the National Personal Insolvency Index – will record the fact of your bankruptcy – for life.
The Insolvency Experts are trained to provide you accurate and unbiased advice and information on bankruptcy.
If you are experiencing financial stress and would like more information on the process of declaring yourself bankrupt, talk to us about all the options first.