Скачать или смотреть How Do I Declare Bankruptcy?

Declaring bankruptcy in Australia is a formal process managed by the Australian Financial Security Authority (AFSA). You don’t need to go to court.

⚖️ Step-by-step process:

Review your options: Speak with professionals like the Insolvency Group to explore alternatives such as debt agreements or restructuring

Gather your details: List debts, assets, income, and expenses

Complete AFSA forms: Bankruptcy Application + Statement of Affairs

Lodge with AFSA: Submit with the help of the team at the Insolvency Group

Wait for decision: AFSA usually responds within 5 days

Trustee appointed: AFSA or your nominated trustee manages your bankruptcy or you can choose a team member at the Insolvency Group

Bankruptcy begins: Restrictions apply, but protections start immediately

⚠️ If creditors force bankruptcy, the process is handled in court through a creditor’s petition, which is separate from AFSA’s online process.

👉 Bankruptcy is serious — mistakes can cause delays, extra costs, and long-term impacts. The Insolvency Group ensures every step is clear and helps you compare safer alternatives first.

📌 Learn more at https://insolvencygroup.com.au

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