How We Can Help You
Bankruptcy Wagga Wagga can assist you with everything that you wish to know about declaring bankruptcy. Everyone’s circumstances are one-of-a-kind and require a specialist option. We have set the six highest frequently asked questions on this page so you are able to gain a quick and straightforward response. Should you need further particulars continue through our site or simply call us on 1300 818 575.
My Residential property
The worry of losing the family home is certainly the number one reason why people hold off declaring bankruptcy and push the issue to the back of their minds. The inquiry that everyone has to know when thinking about insolvency is if they can retain their family home? The answer is YES in a lot of cases.
Naturally there is much more to this story and you will have other questions, feel free to call us on 1300 818 575, to get the exact advice you need about your house.
The second most often asked about question is if you can retain your vehicle if you are bankrupt? The answer to this in some cases is YES! Put simply if your vehicle is presently on finance and you can continue to maintain the monthly payments its most likely you will certainly manage to retain your automobile.
If you own your car straight-out and have no loan then you can easily possess a vehicle up to the wholesale worth of $7,500.
In the event that both of these two scenarios don’t apply to your vehicle then give us a call on 1300 818 575.
Might I lose my firm in the event that I declare bankruptcy? The reply in most cases is NO! You can retain your business organization and apply for personal bankruptcy. This is potentially the most challenging aspect of any kind of bankruptcy. The bottom line is the government does not wish you to become without a job and insolvent so because of this you can continue as a self employed individual as a sole trader once you are insolvent. You can no longer be the director of a company for the 3 years you are bankrupt. If you have your very own small business and have to apply for bankruptcy then contact us on 1300 818 575.
Is my credit rating damaged for life? Answer is NO! Your credit rating is essentially damaged for the 3 years you are insolvent. Then after the 3 years you will be considered a discharged bankrupt on your credit file, which indicates there are plenty of loan providers that can help you get a mortgage or a car loan etc. To have a perfect credit rating again it will take 5 years, or 2 more years after the 3 year bankruptcy period.
My Credit File
Obviously this is not an easy one to answer, as every single case we take up is unique. Having said that, sometimes we can help you file for personal bankruptcy at no charge. That’s right. If we can guide you make it happen for FREE then we will assist you. In many cases that are simple it will cost $395. There are much more challenging circumstances where the cost is higher. If you need to get an idea on what your situation will cost just phone us on 1300 818 575.
How Much will it Cost
Naturally this is not an easy one to answer, as every case we take on is different. Having said in some cases we will help you file for bankruptcy at no charge. That’s right if we can help you do it for FREE then we will help you. In some cases that are simple it will cost $395. There are more complex cases where the cost is more. If you need to get an idea on what your case will cost simply give us a call on 1300 818 575.