Bankruptcy

Bankruptcy can offer relief from unmanageable debt.

Sometimes we reach a situation where we are facing debts we have no hope of repaying. If you cannot repay your debts, or if you are struggling with each repayment, bankruptcy can be the best solution to achieve long term financial freedom.

If you choose Personal Bankruptcy as the solution to your unmanageable debts, a trustee will be assigned to you for a period of three years to help you manage your personal assets and meet the demands of creditors.

The trustee is responsible for liquidating the bulk of assets held in your name (certain assets are exempt) and distributing the proceeds among your creditors in a predetermined pattern. The creditor that is owed the greatest amount will receive the greatest proportion of funds recovered.