* Will I lose my HOUSEHOLD goods?
October 20th, 2011 // 4:14 am @ Gae Channells
No! Unless you have a house full of valuable items (antiques, paintings etc.) or valuable jewellery, you are able to keep all the normal household goods like a computer, TV, washing machine, refrigertor etc.
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* Can I use my PASSPORT whilst bankrupt?
October 17th, 2011 // 6:20 am @ Gae Channells
YES, though you will need to notify the Bankruptcy Trustee some time before you intend to travel overseas to obtain permission to leave the country during the 3 years of your bankruptcy. They will ask the date you intend leaving then the date you intend to return. They may ask you if the trip is [...]
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* Will my FRIENDS & FAMILY know about my bankruptcy?
October 17th, 2011 // 5:58 am @ Gae Channells
NO! Not unless you choose to tell them! The only people who are notified of your bankruptcy are your creditors – the people that you owe money to!
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* Will the SHERIFF come to my home?
October 14th, 2011 // 5:22 am @ Gae Channells
NO! When you declare yourself VOLUNTARILY bankrupt, it’s a different thing to a Court-ordered bankruptcy so there is no sheriff involved! If you do NOTHING about your outstanding debts, you could eventually be taken to Court and then you would be in danger of losing your car and some personal belongings so it’s best to [...]
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