If you are in Brisbane or from within its suburbs and you have a suspicion that your spouse or girlfriend is cheating on you, then you should not wait any longer, take measures accordingly for you to get facts at hand and clear doubts with the assistance of a private investigator. A private investigator will be responsible to unveil to you facts of the matter with solid based evidence and findings that are guaranteed so that when you decide to swallow the bitter bill for a good reason, you won’t regret it. If it means tracking your spouse’s car so that you know every move they make, then private investigators will fix this in place, their sophisticated tracking tools will provide you all the information you need to know in front of your table. Unravel the secrets by hiring a private investigator who will give you a leg forward in matters concerning your spouse so that you can easily connect between the dots to ascertain one hundred percent surety before making delicate decisions that will affect your life drastically.
A person is legally released from all his debts when he declares bankruptcy. Any amount of debt that you are unable to pay allows you to voluntarily apply for bankruptcy. In Australia, the AFSA or Australian Financial Security Authority appoints a trustee when you voluntarily declare bankruptcy. The appointed trustee will see to your financial situation. You are considered officially bankrupt upon receiving advice from AFSA. However, bankruptcy can also be forced on you. An overall total debt of at least $5,000 that creditors have unsuccessfully tried to make you pay can force you to file for bankruptcy. It’s a different scenario when you are forced to declare bankruptcy. The state of your financial affairs will now be taken over by a private trustee. This particular service charges very high fees. If you want to find out how to file for bankruptcy in Australia, read the tips below.
What happens after you file for bankruptcy?There are two possible scenarios that will happen after you declare bankruptcy, to include:
- You may lose significant assets and even your home. You will find it difficult to obtain credit for a long time. Your future options for employment become limited.
- On the other side of the coin, bankruptcy may bring a positive outlook on your life. Financially starting over is capable of providing a positive impact on your life.
What about your assets?There are assets that are not subject to bankruptcy. On the other hand, there are also assets you will have to lose as soon as you declare bankruptcy.
Assets that will have to go:
- More than $1,000 money in your bank accounts
- Real estate to include land and home
- Some personal jewellery and valuable artworks
- Cars you own showing the equity of more than $7,700
- Any winnings, inheritance or tax refunds
- Luxury electronic items
- Trade tools with a value of more than $3,750
Assets that will stay with you:
- Payments received as compensation for personal injury, superannuation, and payments from life insurance policies
- Trade tools valued at $3,750
- Bank accounts containing up to $1,000. This is seen to help defray living expenses
- Ordinary personal items such as your computer, furniture, and the TV
- A car that shows the equity of less than $7,700
Future employment limitationsThere are certain future employment constraints for the time covered by your bankruptcy. You are prevented from managing a company or become one of its directors during the period of bankruptcy. Only permission from the court will lift this employment restriction. Other than the limitations imposed on managerial positions, other forms of employment impediments imposed by bankruptcy include:
- Trade associations may block any statutory positions you may apply for
- Professional bodies may impose limitations on your membership for the entire bankruptcy period