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Personal Bankruptcy Trustees Gold Coast

Guiding You Through Bankruptcy in Gold Coast

Filing for personal bankruptcy is often seen as a last resort for people struggling with severe debt. But declaring personal bankruptcy can eliminate your debt and relieve you of financial stress, so you can get on with your life void of debt.

Revive Financial’s Queensland personal bankruptcy specialists will work with you through your entire bankruptcy period. From completing and submitting the required bankruptcy forms to sticking around until the finish line.

Our fully qualified chartered accountants and registered bankruptcy trustees on the Gold Coast can help you make the decision of whether bankruptcy is the best solution for you. With our extensive knowledge of the bankruptcy process we’ll help you navigate the scary bankruptcy process so you can come out the other side debt-free.

Home Owner Bankruptcy Tips

How to Declare Bankruptcy in Gold Coast

Make the First Move

Our Gold Coast team will review your personal situation and help you decide if filing for bankruptcy is the best option for you. A Bankruptcy Specialist will be assigned to your case to help you through the process.

Lodge Your Bankruptcy Forms

If you’ve decided to file for bankruptcy, you will need to fill and lodge the necessary bankruptcy forms: Form 3 and Form 6. These forms may seem daunting, but don’t worry. Your personal Gold Coast Bankruptcy Trustee will take the time to understand your financial situation and be with you every step of the way.

Confirmed Bankrupt

You’ll be declared bankrupt within 48 hours of lodging the forms. This means your creditors will stop chasing your debts and making claims against you or your property. Our Gold Coast Bankruptcy Trustee will stay with you during the entire process, so if you have any questions, just ask.

Concerns of Bankruptcy in Gold Coast

Unfortunately, with declaring bankruptcy comes certain restrictions and regulations on your lifestyle. Your Gold Coast Bankruptcy Trustee will inform you of these regulations and restrictions and try to make sure it has as little impact on your lifestyle as possible.

Bankruptcy and Your Income

You can earn an unlimited amount under bankruptcy, but there will be a threshold placed on your income. This means if you earn over the threshold, every 50c from each dollar will be taken from you and used to pay for the cost of the bankruptcy, or will be divided among your creditors.

Travelling During Bankruptcy

Travelling Overseas

You have to hand in your passport to your Gold Coast Bankruptcy Trustee once you are declared bankrupt. You can still travel overseas, but you will need to ask your Bankruptcy Trustee for permission first and pay a one-off $150 non-refundable fee.

Bankruptcy and Your Credit File

Your bankruptcy will be noted on your credit file for a total of 5 years and your name will be listed on the National Personal Insolvency Index (NPII) for life.

Bankruptcy and Your Assets

Your personal assets in personal bankruptcy are not safe. Items such as your house, car and tools can be used to get back money you owe to creditors. Your Gold Coast Bankruptcy Trustee will talk you through legal ways for you to keep your house during the course of your bankruptcy.

Let Us Help Guide You Through Bankruptcy in the Gold Coast

Bankruptcy isn’t intended to be a punishment. Revive Financial Bankruptcy experts in the Gold Coast will guide you through the process and help you delete your debts. After the process is completed, you get a clean slate and can focus on your personal life instead of unmanageable debts.

If you believe Bankruptcy is the solution for your financial hardships, give our Gold Coast team a call today on 1800 861 247.

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