Regrettably, hard-working people in Perth are often unwilling to admit that they need professional help to overcome their debt problems. This is because bankruptcy in Perth is often seen as inherently undesirable and perhaps even tantamount to failure. However, at Bankruptcy Perth we know that this could not be further from the truth. Our wealth of experience with helping regular Australians through the process of bankruptcy has allowed us the professional insight to recognise that bankruptcy saves lives. And it can save yours too.
Bankruptcy is a process to help the indebted residents of Perth, not cause them further pain. A professional, affordable bankruptcy service from Bankruptcy Perth is the guaranteed way to permanently secure your financial future and see the end of your monetary woes once and for all. Bankruptcy Perth has helped hundreds of everyday Australians to implement intelligent, effective and inexpensive strategies for debt resolution through bankruptcy and its related alternatives. Speak to the insolvency experts at Bankruptcy Perth today and find out how we can solve your debt troubles at the lowest prices in Australia.
At Bankruptcy Perth, although we recognise what an inherently beneficial process bankruptcy actually is, we still respect our clients’ desires to avoid bankruptcy when and wherever possible. To this end, we offer our clients in Perth a wide range of inexpensive, effective alternatives to bankruptcy that will help you to overcome your financial difficulties once and for all. While in some situations bankruptcy is unavoidable, wherever possible our insolvency experts will work closely with you to formulate a solution to your debts that is tailored to your specific needs and will help you to achieve maximum results at minimum cost without the need for formal bankruptcy. So, if solving your debt problems requires bankruptcy, then Bankruptcy Perth will ensure your procedure runs smoothly and inexpensively; however, if there is any chance for you to avoid formal bankruptcy, then our insolvency experts will guide you through the implementation of effective alternatives that can include Part IX Debt Agreements, Part X Personal Insolvency Agreements and Section 73 Proposals.
The first alternative to formal bankruptcy that Bankruptcy Perth can often offer our clients is known as a Debt Agreement, which is outlined under Part IX of the Bankruptcy Act. A Debt Agreement is a viable alternative to bankruptcy available to our clients in Perth who desire it and have sufficient assets remaining (or only small amounts of outstanding debt) to facilitate this option. Put simply, a Debt Agreement is an arrangement between you and your creditors for the settlement of your debts either as manageable instalments (usually over a 3-5 year period) or as one lump-sum that is less than the total amount payable but still satisfactory to your creditors (e.g. you might pay 80 cents on every dollar outstanding). Generally, Debt Agreements are available to Bankruptcy Perth clients who are insolvent, but have not previously been bankrupt or subject to similar arrangements.
The next most common substitute for formal bankruptcy that could potentially be available to the clients of Bankruptcy Perth is referred to as a Personal Insolvency Agreement (PIA), which falls under legislative stipulations of Part X of the Bankruptcy Act. Similar to the Debt Agreements mentioned above, PIAs allow clients of Bankruptcy Perth to settle outstanding debts through manageable instalments or a lump-sum of lesser value. A PIA differs from a Debt Agreement, however, in that it requires the appointment of a qualified trustee to oversee the collation and distribution of assets. The trustee is required for PIAs because they generally relate to larger amounts of debt. Bankruptcy Perth prides ourselves on the close working relationships we have developed with the best trustees in the country, because this allows us to assign an experienced trustee to your case that we can trust to properly oversee your terms of settlement while still representing your best interests. It is worth noting that there are certain detriments and ramifications to entering into a PIA, so before considering taking this option it is very important that you speak to the insolvency experts at Bankruptcy Perth.
While Bankruptcy Perth will always attempt to find our clients a viable alternative to bankruptcy, it is an unfortunate fact that sometimes a client’s financial state of affairs will make bankruptcy inevitable. This is nothing to stress about: remember that bankruptcy is a process to help the people of Perth, not hurt them. If bankruptcy is necessary for your specific circumstances, this period will generally last for three years; however, there is one final alternative to full-blown bankruptcy that Bankruptcy Perth can provide; this is known as a Section 73 Proposal. With a Section 73 Proposal, clients of Bankruptcy Perth are often able to annul their bankruptcy significantly earlier than expected. This allows for all of the positive effects of bankruptcy, while minimising a number of the detrimental ones. Through professional, affordable services for Section 73 Proposals, Bankruptcy Perth could see your bankruptcy finished in mere months instead of the usual three years. No matter how dire your financial difficulties may seem, there is always an intelligent, professional and, above all else, inexpensive solution that can be applied by Bankruptcy Perth.
Bankruptcy Perth has years of experience with applying professional services such as bankruptcy or its alternatives to assist the people of Perth in overcoming their debt struggles. No matter how complex your financial difficulties may appear, Bankruptcy Perth has the industry experience, the resources and the necessary skills to realise the ideal debt resolution for your specific situation. We pride ourselves on our ability to help everyday Australians turn around their debt woes and move forward to a more prosperous financial future.
Put an end to the pile up of debt and hear the last of your creditors’ demands. Bankruptcy Perth can end your debt with minimal cost and maximum efficacy. Speak to the insolvency experts at Bankruptcy Perth today and you’ll soon discover the myriad ways in which we can apply professional, affordable solutions to ending your financial difficulties. At Bankruptcy Perth, we will keep your creditors at bay while we apply intelligent, proven strategies for settling your debts and securing your future.
Bankruptcy Perth operates exclusively in Perth, meaning that we understand the commercial drivers and pitfalls that affect business life and can lead to insolvency in Perth better than any other company. We are a Perth based company that caters to the financial interests of the people of Perth.
At Bankruptcy Perth, we understand that personal insolvency can be a daunting prospect. However, we have seen from our years of experience that addressing these issues is always the better option than doing nothing. Bankruptcy Perth makes it our objective to work closely with you to spot issues, risks and remedies in order to handle your personal insolvency as cost-effectively and professionally as possible in order to realise the full benefit to all relevant stakeholders and your future commercial dealings in Perth.