The Great Myths Misconceptions, incorrect assumption, misinformation, like any other area of law, have

created many greatest myths of bankruptcy. Those myths are mostly based on tidbits of

truth and a heavy percentage of embellishment.They are so profoundly grounded that

people often get scared about those myths and possess all the negative impressions of

filing bankruptcy.

Bankruptcy has been designed as an option and not knowing the truth prevents people to

file a bankruptcy that might have been their best option. Following are some of the widely

known myths of bankruptcy and the facts behind them:

I can’t file for Bankruptcy because I have a job I’ll lose everything I have I will have to make payments to the government if I go Bankrupt I cannot get rid of tax debt through bankruptcy Only losers go Bankrupt If you’re married, both you and your spouse have to file for Bankruptcy I will never be able to own anything again They will say I can afford my debts

Visit our site to find out the truths or lies about the Myths.

Bankruptcy/ Alternatives Bankruptcy To claim bankruptcy in Australia, you will need to lodge a Debtors Petition for Bankruptcy and complete a Statement of Affairs with the Insolvency and Trustee Service Australia (ITSA)

Ebankruptcy 26 Kuranda Cr, Kuranda Queensland 4881, Australia Phone: 1300617455 www.ebankruptcy.com.au