|March 3, 2017||0|
When it relates to Filing For Bankruptcy, there certainly is plenty of complication because it is an area that you truly do need some sound advice in because typically you may find yourself in an even more severe situation. That I why here at Fresh Start Solutions Australia we certainly want to make certain people are aware that there are specific things that can effectively make your Bankruptcy term be stretched from 3 years to 5 (or even 8) years!
Yes, this means that you will stay even longer in the ‘Bankruptcy limbo’ so heed our suggestions and avoid prompting any of the following areas– because if you do, then the entire area of Filing For Bankruptcy becomes much more complex and the Trustee can actually intervene and get your term prolonged instead of letting it automatically discharge.
So how can the duration be extended to 5 years?
There are a variety of ways in Australia, and these types of are considered the ‘minor breaches’ because they only extend the term to the 5 year mark. So please, while Bankrupt:
And also, if certain additional aspects are discovered, this can also increase the term to 5 years, so if it is found out that before Bankruptcy, you:
So how can the term be extended to 8 years?
So when it comes down to Filing For Bankruptcy, there are some areas that if you are in violation can really end up extending the term to 8 years. So please, while Bankrupt:
And again, if prior to bankruptcy you did any of the following:
Filing For Bankruptcy and these term extensions in Australia are complex and complicated, these lists of issues that you may face are just the tip of the iceberg as far as your possibilities in Australia are concerned. If you have to know more about Filing For Bankruptcy feel free to get in touch with us here at Fresh Start Solutions Australia on 1300 818 575, or visit our website: www.freshstartsolutions.com.au/bankruptcy-Australia.com.au