Are your creditors turning down every proposal you have in paying off your debts? Are they closing their doors to further negotiations? If you have run out of options on how to pay for your debt, there might be only one solution that could get you out of it — filing for bankruptcy in Australia. We understand that it might not be a pleasant word to hear, but in dire moments, it might be the only solution to save you or your business. But how do you file for bankruptcy?  Are you eligible for bankruptcy? You are no longer able to pay your debts upon their due dates (insolvent), and You are currently in Australia, either taking up residence or having business connections in the country. According to the latest regulations set by the Australian Financial Security Authority (AFSA), there is no minimum or maximum amount of debt or income … Continue reading Filing for Bankruptcy in Australia