Bankruptcy is a major decision.
The information in the Good the Bad & The Ugly was composed by the Lismore & District Financial Counselling Service. It gives you a brief guide to the advantages & disadvantages of bankruptcy.
The Good The Bad & The Ugly (PDF 45KB)
ITSA is the agency which administers bankruptcy in Australia. Here are some links that may assist you.
Bankruptcy - an overview
ITSA Bankruptcy information, long version
ITSA-FAQ, the most often asked questions about bankruptcy
ITSA prescribed info, you must read this booklet
Audio Files on bankruptcy (scroll to the bottom of the page)
ITSA statutory forms, where you can get the bankruptcy papers
ITSA debt agreement, what are they?
ITSA debt agreements - consequences
ITSA debt ageements setting up the forms
ITSA debt ageements setting up
Part X - Personal Insolvency Agreements
Consumer credit legal centre information
sheet on bankruptcy:
" A paper on the impact
of Bankruptcy on Small Business is now available.
Click here (PDF-205KB)"
Emergency phone line:
Credit and Debt Hotline 1800 808 488.
Financial counselling information, advice and referral available five
days per week to consumer debtors.
Disclaimer: The information contained on this web site
is of a general nature. It is intended as a guide and you must not rely
on the information contained on this website for legal purposes. If you
have a legal problem you must seek independent legal
advice from a qualified legal practitioner. To the extent permissible by
law, the Lismore and District Financial Counselling
Service Inc. disclaims all liability for anything contained on or
accessed via this site and any use you make of it.
Please note that some of the information on this website applies to residents of NSW
Australia only.
Credits: Web content produced with funding from the
Sugar Industry Reform Program.