If you are in debt and are considering bankruptcy, think carefully before taking any action. Knowing how to claim bankruptcy is not as important as knowing when and how.
Bankruptcy is a last resort and has serious consequences. There are various options to deal with unmanageable debts.
Before you make any decision or take any steps talk to a specialist debt adviser about your alternatives.
Do I Need to Become Bankrupt?
Bankruptcy may seem an easy option for dealing with your creditors. However it has consequences which you should know about before you consider taking this step.
Find out from Capital Debt Solutions the other options because may not have to go bankrupt.
How do I Claim Bankruptcy?
You may voluntarily lodge a debtor’s petition to become bankrupt. A creditor may also bankrupt you.
When you can’t pay your debts and you cannot come to any arrangement with your creditors, bankruptcy may be your best option. If this is your best option, Capital Debt Solutions will assist you in taking the necessary steps to become bankrupt.
You need to be fully informed because the consequences of bankruptcy are serious. We may be able to help you avoid bankruptcy with the alternatives to bankruptcy.
There Is No Minimum Amount You Need To Owe Before You Can Go Bankrupt
You can become bankrupt voluntarily owing any amount.
A creditor cannot make you bankrupt unless the debt you owe is $5,000 or more.
Who Handles My Bankruptcy?
AFSA will administer your estate if no registered trustee has provided a consent to act. Capital Debt Solutions can arrange for a registered trustee and to act on your behalf.
More Information on this page: Declaring Bankruptcy
What Do I Do Now?
Your Debt Solutions specialist at Capital Debt Solutions will find the best solution and work with you and your creditors to get you back on track and rebuild your financial future.
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