I’m here for you 24/7 because I know many people can’t talk during work.
Everything is completely confidential and without obligation. With over 25
years’ experience, I’ve helped thousands of individuals from diverse
backgrounds. I won’t judge you – I will just help you decide what is best for
you. You ask the questions. You will get honest answers.
Offering a full range of services tailored to your unique financial situation, ensuring that you will get the best possible options and outcomes.
Guaranteeing privacy and trust in all interactions, so that you feel safe discussing your financial matters without fear of judgment or exposure.
Providing a compassionate, non-judgmental approach where you feel understood and supported during a challenging time.
Drawing on more than 25 years’ experience, you will get clear, informed practical advice. You then decide what is best for you.
With extensive experience in bankruptcy and personal insolvency, we offer customized solutions to get back on your feet.
Not necessarily and many people don’t. A typical example is the following. John and Mary are married. They own a house. John has to file for bankruptcy. The equity in the house is limited. The bankrupt estate owns half the limited equity. Under those circumstances I have given many people like John and Mary the opportunity to come to an arrangement to pay off the bankrupt estate over time. It all depends on the numbers, as they
say.
Not necessarily and in fact rare. A bankrupt is entitled to one car up to a certain value. In the vast majority of cases I have been able to come to an arrangement to pay off the bankrupt estate over time.
A bankrupt needs written permission to travel overseas for a legitimate reason. A legitimate reason includes visiting family, for work and even for a holiday. I have even given permission to a bankrupt to live and work overseas.
No almost without exception. There are for example some professions where a person will have to “show cause”. For example, a solicitor might have to explain to the Law Society the reasons for bankruptcy and generally it is not a problem although some restriction might be applied such as being prohibited from operating a trust account.
As Trustee I have the power to close a savings account but have never done it. I have also left a reasonable amount of cash in the savings account for living expenses until the first pay cheque in bankruptcy. Please note however that if the bank itself wants to close your savings account it can. But I only once have ever seen it happen. In every other case where the bank considered closing a savings account, it contacted me and sought my opinion. Also please note that a credit card account is different as most banks will close credit card accounts but not always.
Your credit file will be affected for 5 years. Then it will be wiped clean. For many people in financial trouble who want to buy a house it will take them that long to save for a deposit in any case. And so it is not all bad news.
This is very rare. High income earners are required to pay some of their wages into the bankrupt estate. How much they can keep is generous and designed so that they have a reasonable lifestyle. How much they can keep also depends on their circumstances such as the number of their dependants.
The Trustee will contact creditors but very few others. For example, I will write to your employer for information about your income but only if you do not cooperate by providing it.
This is concern for tradies and professionals who work for themselves. There is no restriction on working for yourself. However, there is a restriction on the use of a business name.
Yes. A bankrupt is entitled to a reasonable amount of household furniture.
Yes. A bankrupt is entitled to keep tools for work up to a certain value. If the tools exceed that value, I have always been able to come to an arrangement to pay off the bankrupt estate over time.
