Declare Bankruptcy

Are you unable to repay your debt? Get help and discover if Bankruptcy is a good option for you.


When you need a financial reset

Many Australians find themselves in unfortunate circumstances through no fault of their own, where they cannot repay their debts. If a Debt Agreement or a Personal Insolvency Agreement will not work for you, then you might consider declaring Bankruptcy.

It isn’t designed to be a punishment. Think of it more as a reset button to get your financial situation back on track.

Take the first step to free yourself from debt

With a decade and a half of experience in the industry we’ll help you on the path to a debt free future, in just 3 steps.


How does Bankruptcy benefit me?

Ready for a financial reset?
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Credit cards & loans written off

Most debts are extinguished by bankruptcy. Credit cards, loans, payday loans and many more.

Stop legal Action

Stop legal action

Bankruptcy protects you from any further legal action from your creditors.

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Stop debt collector calls

No more worrying each time your phone rings. Your creditors will have to call us, instead of you.

Debt Free

Superannuation is protected

Your superannuation funds (paid over time by your employer) are protected, meaning you don’t have to worry about your retirement.

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Most people make no ongoing payments

If you take home less than $1,163.75 a week after tax, you won’t need to make any ongoing payments.

Have us do all the negotiations

We do all the hard work

We complete all the legal documentation, meaning you have more time and peace of mind, to do the things you’ve been putting off.


Is bankruptcy right for me?

Bankruptcy should be considered as a last resort. When you contact us we’ll firstly work with you to see if there is an alternative debt solution that may be better situated to your circumstances.

Alternatives include a Debt Agreement, Personal Insolvency Agreement or an Informal Arrangement.

You can then make an informed decision about which option is best for you.


The Bankruptcy process in just 5 steps

We’ll even do 3 of them for you.


We’ll assess your financial situation


You’ll engage us to act on your behalf


We’ll take care of all necessary checks, liaise with creditors and take the stress out of the paperwork.


We prepare and lodge your Bankruptcy documents.


Your Bankruptcy is processed and all unsecured creditors must stop collection activity.

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Start living again without the stress of debt

Get in touch for a consultation. We are aware of just how much courage it takes to ask for help. We listen, we understand, we care and we do not judge.


A Couple Things People Ask

How long does bankruptcy last?

Bankruptcy is broken up into two periods: the ‘undischarged bankruptcy’ period that lasts for three years, during which time the restrictions imposed by the Bankruptcy Act apply. The second period is called ‘discharged bankruptcy’, which lasts for a further two years where no restrictions apply.

All bankruptcies are recorded permanently on a historic government database called the National Personal Insolvency Index (NPII).

What debts are cleared by bankruptcy?

Most unsecured debts can be cleared by bankruptcy (credit cards, personal loans, tax bills). However child support, HECS/HELP and fines cannot be included in bankruptcy.

How much can I earn while in bankruptcy?

Bankruptcy isn’t a punishment. However, it is reasonable that creditors should get some money if the person filing for bankruptcy is a high-income earner. During the ‘undischarged bankruptcy’ period (three years), if you earn more than the income threshold, you’ll be asked to make ‘bankruptcy income contributions’. Above the threshold, 50% of your after-tax wage goes to your trustee.

What happens to the interest on my debts?

This is the process Beyond Debt follows to help clients who believe bankruptcy is the right solution for them.

  • We assess your financial situation.
  • You formally engage us to act on your behalf.
  • We deal with your creditors on your behalf.
  • We prepare and lodge your bankruptcy documents.
  • Once your bankruptcy has been processed, your creditors are notified and must cease all collection activity and contact with you.

The legislation surrounding bankruptcy is complicated. However, our consultants are happy to answer any queries. Remember, bankruptcy should be considered only as a last resort.