The law does not require a person to pay all that debts at one time. A person becomes insolvent if they can’t pay their debts as they fall due.

Before applying for Bankruptcy, you should should explore all your legal options including:

  • making a debt agreement with your creditors, and
  • negotiating an extension to your mortgage.

Time is a critical factor in all legal matters. If someone owes is demanding money from you then call us immediately on:
(02) 9024 9533
for a free consultation.

Our Legal Specialists have written a paper explaining Bankruptcy in simple terms:

             Bankruptcy Basics