Personal Bankruptcy Lawyers

If you are being chased by debt collectors, or are facing a personal debt crisis that you cannot see a way through, getting legal advice might be the last thing on your mind. But when your financial situation is really dreadful and it looks as though bankruptcy might be on the cards, it is crucial that you get professional advice.

Getting advice and assistance from a lawyer who is experienced in bankruptcy and insolvency, will help to protect you against claims. Our lawyers can help you prepare your bankruptcy application and assist with any queries or disputes that arise thereafter. In some circumstances, bankruptcy may be unavoidable, but there may be other options for you to consider. We consider other pathways for example, there might be a basis for you to dispute one or more of your debts. It is sometimes possible to negotiate with creditors to reduce or remove your debt without having to declare bankruptcy.

Bankruptcy is a legal process that provides protections to people who are not able to pay their debts, as and when they fall due. There are two ways to be made bankrupt:

you can volunteer to be made bankrupt; or
someone to whom you owe money (one of more of your creditors) can apply to the court for you to be made bankrupt.

Although bankruptcy can give you somewhat of a financial fresh start, you should not enter into bankruptcy without a proper understanding of what it means, because the consequences may impact on you for years to come.

Personal Bankruptcy Service

Some of the possible consequences of bankruptcy include:

a trustee in bankruptcy will be appointed to deal with your creditors on your behalf
some of your possessions, such as a car, boat or motorbike may be sold to pay off your debts
if you earn over a certain set amount, you may need to make compulsory payments to your trustee to be distributed to your creditors
there may be restrictions on your employment or whether you can run a business
there may be restrictions or conditions placed on you if you wish to travel overseas while you are bankrupt
you will probably find it difficult to obtain credit – credit reporting agencies will keep a record of your bankruptcy for 5 years from the date you became bankrupt, or 2 years from when your bankruptcy ends, whichever is later; and
your name will permanently appear on the National Personal Insolvency Index.

Bankruptcy is a legal process and comes with some risks if you do not adhere to the laws and processes. Getting professional bankruptcy legal advice can help you achieve the best outcome for you and ensure you are protected.

Contact Us for Advice

Our highly experienced lawyers at PCL Lawyers can give you advice on what your options are in your personal circumstances.

Contact one of our bankruptcy lawyers in Melbourne, Sydney or Brisbane today for a confidential discussion about your circumstances. Please fill out the enquiry box on this page or contact us on 1300 907 335.

Client Testimonials What Some of Our Clients Say..

I appreciate your time and effort and thank you for your prompt response and professionalism. I would not hesitate to use your services again and refer PCL Lawyers to others.

Lisa G/Bentleigh

Thank you so much for your assistance. Should I ever have the chance to recommend you I will do so.

Morgan S / Melbourne

Out of speaking to two other lawyers you were the only one to give me any genuine advice.

Tiffany J / Melbourne

If I had of gone to another law firm that was cheaper I may have saved many thousands of dollars but as it turns out I may have lost a lot more than that upon settlement. Using a firm such as PCL lawyers I had the peace of mind that each issue as it arose was dealt with in a very matter of fact way and to the letter of the law.

Brett Wilson / Glen Waverley

PCL did a great job in advising me about my rights and protecting my name and business goodwill. I can absolutely recommend this very professional service

Branden L / Melbourne

Excellent Service. PCL Lawyers did a great job advising me about my rights and protecting my name and business goodwill. I can absolutely recommend this very professional service.

Branden L / Ravenhall

Emma and the team from PCL were nothing short of astounding whilst dealing with an unprecedented situation. The ability shown to combat opposing lawyers and still provide sound legal advice well within the interests of their client was exceptional. Will be recommending and using again.

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