Those under financial stress who are considering declaring themselves bankrupt should be aware of the different options available under the Bankruptcy Act to assist them pay their debts that should be considered before voluntarily declaring bankruptcy.

The Australian Financial Security Authority (AFSA) has released a detailed and useful publication designed for people who may be contemplating bankruptcy or any of the formal options available under the Bankruptcy Act.

The guide can be downloaded here: Personal Insolvency Information for Debtors.

Andrew Fletcher has completed the Australian Restructuring Insolvency & Turnaround Association (ARITA) run Insolvency Education Program, is a current member of ARITA and is qualified to provide advice in relation to restructuring, turnaround and insolvency.

 

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