What does bankruptcy mean in Australia?

Answer Bankruptcy is a system of last resort for consumers in Australia with unmanageable debt. Bankruptcies in Australia are managed by a governmental agency called the Insolvency and Trustee Service.Ins... Read More »

Top Q&A For: What does bankruptcy mean in Australia

How to File Bankruptcy in Australia?

Filing for bankruptcy may sound like an appealing way to keep your creditors away. However, you must not make this decision blindly unless you have considered other options such as debt agreement, ... Read More »

Bankruptcy Information in Australia?

Bankruptcy in Australia doesn't work quite the same as in the United States; if you earn a regular income you should expect to repay at least part of your debts even if you declare bankruptcy, acco... Read More »

how to declare bankruptcy in south australia?

Sometimes insurmountable debts and the pressure of debt collectors can make bankruptcy look like an attractive option. If you are a resident of South Australia and unable to pay your debts, you can... Read More »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »