Bankruptcy Services

Advice on Options

I am struggling financially and need bankruptcy advice and debt solutions.

There are a range of circumstances that can land you in financial trouble. The good thing is that bankruptcy or claiming personal insolvency was created as an option to help people just like yourself move beyond debt. If you find yourself in constant stress over your debt, we offer personal bankruptcy solutions tailored to your situation. Our experts work across Australia including Perth, Brisbane, Melbourne & Sydney, and offer free advice depending on if you need to consolidate debt, debt relief or to let you know if bankruptcy is the right solution for you.
Claiming bankruptcy or personal insolvency may be the best option available. Talk to us to find out more.

Can I still earn money if I go Bankrupt?

An incredibly common question we come across is the fear that you will no longer be able to generate an income during Bankruptcy, in Australia. While there are certain stipulations, you are free to earn as much as you like. Talking to us about the pros and cons of going bankrupt can help alleviate your concerns and fast track you on your path to financial freedom.

The Income you can earn is calculated for each individual based on the number of dependents and adjusted upwards by the government (AFSA) in March and September each year to allow for movements in the cost of living. Talk to us to find out the best solution for you.

Will I Lose My House If I Go Bankrupt?

Not necessarily, it is possible to keep your family home subject to meeting the requirements of your Bankruptcy Trustee. For example if you owned the family home jointly with your wife or partner and the property is valued at $500,000 and you have a loan against property for $475,000 then you have $25,000 in equity.

That equity is not all yours it belongs 50/50 with your partner. Therefore your trustee will require you to pay or raise from either your partner, family or friend $12500. If this can be achieved and you and your partner can still make the loan repayments then yes you can save your house. You will no longer own the property that will now belong to your wife/Partner.

Our experts are happy to answer any questions you may have.

Will I lose my car?

The rules the regulator has set with a motor vehicle is that if you have no more than $7900 of equity in the vehicle you can keep it.

For example if you had a car valued at $30,000 and you had a loan against the vehicle for $23,000 then you have $7000 worth of equity you can therefore keep the car if you could still make the loan repayments.

Can I Travel Overseas?

One of the most common questions we get asked is about restrictions on travelling overseas after bankruptcy. The answer is simple – yes!
Being bankrupt does not stop you from travelling overseas. You can travel as often as you like provided you obtain written consent from your trustee. It’s an offence to travel overseas without consent in writing.

Contact Andrew Bell from Bankruptcy Advisory Centre today for a free, no obligation chat on your options.


  • I will definitely recommend Andrew Bell to anyone contemplating bankruptcy. Don't wait! Andrew is there to help. With his knowledge, he can advise you of the best path to take and assist with the mind boggling paperwork.
    Best of all, he is there for you through your entire bankruptcy period.
    Get your life back, it's not as bad as you think.
    Thank you Andrew for lifting the burden and allowing me to move on.

    Karilyn Mahon
  • I saw Andrew for 'advice only' on possible bankruptcy due to a divorce. Left an hour later with the paperwork all done and feeling like a new person!
    Andrew was extremely welcoming and made me feel so comfortable with my decision to proceed immediately.
    This was the best investment I have ever made and cannot speak highly enough of Andrew. He doesn't just give excellent service his follow up afterwards is amazing.
    Thankyou Andrew you made my 'new' life so easy to achieve!

    Vicki Johnston

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What you need to know before declaring bankruptcy