Bankruptcy Advice in Adelaide

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What Can You Expect From Fix Bad Credit?

If you’re struggling to get on top of your debt in Adelaide, being harassed by creditors and your credit history is preventing you from entering into an informal debt arrangement such as debt consolidation, then a formal debt arrangement, like Bankruptcy, may be the best option for you.

It’s easy to fall into debt, especially when your life’s plans go off track, but entering into bankruptcy isn’t an easy decision. Luckily the Fix Bad Credit has a team of bankruptcy experts who are always on their toes to provide bankruptcy help for the people living in Adelaide.

Our experienced bankruptcy advisors can handle all the uncomfortable details so you can continue living your life, making the process as painless and stress free as possible. We then support you along the way, ensuring that upon emerging from bankruptcy, you are ready to rebuild your financial future in the best way possible.

Our Aim

At Fix Bad Credit, our mission is your financial freedom. One of our experts in Bankruptcy Advice in Adelaide will carefully assess your personal and financial situation so we can tailor a personalised debt solution package to best meet your goals. Your personalised debt solution package will contain options to help you take back control of your debt and start you on your journey to financial freedom.

If you are desperate to get debt help in South Australia, we are just a call away. If you are faced with challenges paying money you owe, our team of experts can assist you with a detailed evaluation of your options. Dependent on your specific circumstances there are both informal and formal debt solution options available to you. The Fix Bad Credit team is experienced in providing all types of debt help in Adelaide.

Are You Eligible for Bankruptcy?

Bankruptcy is a formal debt process in which you legally declare you cannot pay your debts. To be eligible for bankruptcy in South Australia, you must
prove you are unable to pay your debts when they’re due
have a business or residential connection in Australia, or be living in Australia
If you do not meet these two requirements, you will not be eligible for bankruptcy.

What are Some of The Positives About Bankruptcy?

There are a lot of “myths” (lies) out there about bankruptcy that leave people in Adelaide feeling confused or afraid. However, most of these arise from misunderstandings, and sadly, all they do is scare people from getting help to get rid of their debt. There’s no denying that bankruptcy can have serious consequences, however for a lot of people the immediate emotional and financial relief of wiping their debt and starting afresh far outweighs the consequences.

It is important that you fully understand the pros and cons of bankruptcy in order to make an informed decision about whether bankruptcy might be good option for your specific financial and personal circumstances. They include:

Bankruptcy is not a life sentence. The bankruptcy term does end, and you can move on after bankruptcy.
Bankruptcy will permanently cancel most of your debts. This includes credit card debt, payday loans, personal loans, the shortfall on secured debt and even personal guarantees, and the list goes on. However, there are some debts which the bankruptcy does not cancel.
Vehicles can be protected. If you have cars and bikes that are valued less than $8,150, then these will be yours to keep and protected in bankruptcy. This amount is regularly adjusted for CPI. If you bought them on under a finance arrangement you must continue to make the loan payments.

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Do You Need Bankruptcy Advice in Adelaide?

Struggling to get bankruptcy advice in Adelaide? Do not panic, our bankruptcy advisors deal with bankruptcy issues every day and have been helping people in Adelaide for years. You can make more informed decisions about bankruptcy by contacting our best bankruptcy experts in Adelaide. You will receive professional advice and service tailored to your needs. We understand bankruptcy entirely.

Regardless of where you live in South Australia, even remote regional locations can benefit from our services. We’re available by phone, email, and post if you have a question, so distance does not affect our service.

The Bankruptcy Process in Adelaide

There are three significant steps involved in the bankruptcy process in Adelaide & South Australia.
Filing a Bankruptcy Application – The first step of a bankruptcy declaration is submitting a bankruptcy application. You can either do that yourself or the Fix Bad Credit Bankruptcy Solutions team in Adelaide can assist with filling in all the paperwork and submitting it to the Australian Financial Security Authority (AFSA) on your behalf. You can also be made bankrupt if one of your creditors lodges a creditor’s petition and a court makes an order to bankrupt you.
The AFSA Decision – If your bankruptcy application is accepted by AFSA, you will be declared bankrupt. Bankruptcy decisions are usually made within 24 or 48 hours of submitting the application, and once done you cannot cancel it.
Someone else takes control – Once you are declared bankrupt a trustee is appointed to take control of your financial situation, becoming your guardian and guarantor. Your trustee takes over managing your debts and works out how best to pay back what you can afford.

Bankruptcy in the Era of COVID-19

The economic impact of COVID-19 is creating significant challenges for both individuals and businesses. As a result, commonwealth legislative changes came into effect from 25 March 2020 to provide immediate relief for people facing financial difficulty due to the economic impacts of COVID-19. The temporary changes included:
an increase in the debt threshold, which enabled creditors to apply for a bankruptcy notice
an increase to the timeframe for a debtor to respond to a bankruptcy notice
an increase to the temporary debt protection period available to debtors.
As of 1 January 2021, those temporary changes have ceased. An amendment has also been made to adjust the bankruptcy threshold. This means:
the minimum amount of debt that can trigger bankruptcy is $10,000, down from $20,000
temporary debt protection allows for 21 days relief from creditors, instead of six months.
Your Fix Bad Credit bankruptcy advisor in Adelaide can keep you advised of any other changes to the bankruptcy legislation if and when they come into effect.

Benefits Of Working With Fix Bad Credit

No more missed payments – unlike before when you had several bills to pay with different due dates, the Fix Bad Credit team in Melbourne can put together a payment plan for you where all you have is one payment each month, making it far easier to manage and much harder to forget.

Fix Bad Credit – The team at Fix Bad Credit in Melbourne will negotiate a repayment plan with your creditors that makes it easier for you to make your repayments on time and in full, demonstrating good repayment habits and avoiding defaults through late payments, improving your credit score.

No more annoying calls from creditors – lenders enlist the help of debt collectors to help collect payments from people who haven’t been paying up or who have a history of paying late. When you sign up with Fix Bad Credit, expect any calls from creditors to stop.

Get Your Free Credit and Debt Assessment Now


    Reviews

    CJ was amazing! Instead of trying to sell me something we didn’t need, he has directed us to someone who could actually help us get the proper finance options we needed. Thank you for doing the right thing and help us get to where we need to be.
    Brooke Clarke
    Brooke Clarke
    10:59 15 Aug 22
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    Daniel Sullins
    16:26 13 Aug 22
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    Frank Aachen
    Frank Aachen
    16:13 13 Aug 22
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    Gunther Heidi
    17:57 12 Aug 22
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    Gunther Heidi
    Gunther Heidi
    17:55 12 Aug 22
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    Sophia Neudorf
    17:39 12 Aug 22
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    Col Gats
    11:09 12 Aug 22
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    Grace Harper
    14:43 07 Aug 22
    When I was struggling with my credit, I didn't know who to turn to. I had heard of Fix Bad Credit, but I didn't know if they could really help me. But I decided to give them a try, and they completely blew me away. In just a few weeks, they were able to clear up all the mess that the other company had made. I'm so happy that I went with them - they saved me from a lot of hassle and stress. Thank you, Fix Bad Credit!
    Grace Eva
    Grace Eva
    07:17 05 Aug 22
    My credit card debt was killing me. I was considering bankruptcy, or a part 9 debt agreement. A friend recommended I speak with Fix Bad Credit. They discussed all my options. Within 6 months Fix Bad Credit had eliminated my debt and changed my life. Fantastic job. Highly recommend this service to anyone in debt or has issues with their credit report. I no longer have either. Fix Bad Credit are the real deal.
    Grace Eva
    Grace Eva
    11:41 04 Aug 22
    The guys from fox bad credit did a great job.. I wouldn’t go to anyone else these guys know what they are doing. I did initially have a complaint about them but I clearly jumped to conclusions and CJ dealt with it professionally and really helped me out.. thanks CJ
    Luke Radin
    Luke Radin
    06:05 12 Jul 22
    I had a very good experience with fix bad credit who gave me good honest advice an helped me to fix my credit rating. Thanks.Highly recommend
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    luke messineo
    01:50 04 Jul 22
    Helped me double my Credit Score in span of less than 3 months. The team are so good at what they do. Definitely recommend them to everyone!
    aqueel Haisam
    aqueel Haisam
    02:36 29 Jun 22
    ONE WORD... AMAZING!CJ was just phenomenal to deal with, from start to finish and constantly reassured me that he would get it all sorted for meI had so many questions and he was beyond patient throughout the entire process (which was so damm easy might I add) and literally had everything fixed up within less than half the time originally advised.These guys are incredible at what they do and would defiantly 100% recommend to anyone.Genuinely changed my life so thank you!
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    Chantelle Maria
    07:41 08 Jun 22
    Amazing Team of people working hard & truly passionate about getting people back on track to excellence. Thank you for your services
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    Jimmy William
    20:34 29 May 22
    Had a good experience, Fix Bad Credit has been helpful, good communication, provided knowledge and financial advise as well as providing goods customer service.
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    Kate Zituta
    02:18 09 May 22
    I’m so glad I found Fix Bad Credit. They helped me get my life back on track and kept fighting for what was rightfully mine until finally, everyone else gave in! Thank you CJ -you're the best!!
    Bill Thomas
    Bill Thomas
    09:52 26 Apr 22
    Fix bad credit made my day. The reoccurring spending habits that controlled my life were identified and have now been put in touch with the help I needed, this couldn’t have come sooner . Thank you
    Andrew Padayachy
    Andrew Padayachy
    04:06 16 Apr 22
    CJ was amazing. It's been a long process to fix my credit due to mistakes at a young age. So many other places were happy to take my money with no guarantee they will have success in helping. CJ told me plain and simple what I need to do and what will help. He didn't charge me a cent either. Gave his honest opinion woth a good 30 minute phone call and thoughts on what will genuinely help. I am going to put all this into place and give him a call in 6 months to discuss future moves towards buying a house. We all make mistakes in life and stress I've them. It's people like CJ that make you feel calm and believe it will all be ok with some solid advice. Thanks again CJ
    James Tipping
    James Tipping
    05:11 02 Mar 22
    I could not be happier with the result. I’d recommend Fix Bad Credit to anyone. Amazing.
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    Elise Gracie
    06:03 19 Feb 22
    Another company made a complete mess of this. Fix Bad Credit took care of it in a matter of weeks. Could not be happier.
    Adele Barbara
    Adele Barbara
    07:21 13 Feb 22
    I needed 2 defaults removed ( paid defaults ) and CJ produced the goods. Both defaults have now been removed and I can safely apply for finance for my home.Thanks once again mate. All the stress has been lifted !Cheers,Cam
    Home Decore
    Home Decore
    03:52 15 Dec 21
    James has really showed his utmost professionalism, got my credit issues fixed as quick as only 3 weeks. They are highly recommended.
    Rocky Chen
    Rocky Chen
    03:54 27 Jul 21
    Myself and my partner engaged another credit repair company to assist with default removals, and cleaning up the credit file.Unfortunately they took our money, and that was all. The ombudsman became involved, but in the end we were left with nothing.The Fix Bad Credit team offered to help. And they certainly did that. Credit score is now above 800 and they are now assisting us with a $60k debt.It’s been life changing. I strongly recommend if you have debt, or credit issues, to reach out to the team at Fix Bad credit. Thanks again Carey absolute legend!!!
    RICKY B
    RICKY B
    07:54 13 Jul 21
    I went to the Fix Bad Credit team as I was living with the burden each month trying to pay back debt due to unforeseen life circumstances that had occurred over the last few years which often led me taking time off work and only making the minimal payments. As a single parent I felt I wasn't getting anywhere. The Fix Bad Credit team have negotiated a massive saving for me and managed to consolidate the remaining debt into monthly affordable payments without interest being incurred. Any issues I may have had on my credit report and have now been removed. I look forward to being able to purchase a home in the future which wouldn't have been possible before. Thanks so much Fix Bad Credit Team, super grateful.
    Kellie Lyndon-James
    Kellie Lyndon-James
    02:00 09 Jul 21
    As a business owner I appreciated the transparency, fast response, professionalism and execution of the Fix Bad Credit team.We had some apprehension using a credit repair service. But after the experience and seeing the outcome, I will be recommending Fix bad Credit to my entire network.
    Ignite Global Group
    Ignite Global Group
    06:40 21 Jun 21
    Fantastic. Defaults removed from Credit report, and now debt free. couldn't have done it without your help. Stoked.
    Ray Hunter
    Ray Hunter
    06:25 21 Jun 21
    The team at fix bad credit brisbane were very friendly and supportive. They were also quick to respond and helped me on my situation with sorting credit card debt. I highly recommend.
    Ken C
    Ken C
    20:47 20 Jun 21
    I couldn't be happier with Fix Bad Credit . After a relationship breakdown I was left with a substantial amount of debt , and ended up with a coupe of defaults , and RHI info on my credit file .13 weeks later I'm debt free, I've been approved for a credit card, and saving for a house.If you need to change your financial situation , these guys are the real deal . Thanks so much
    Kelly Care
    Kelly Care
    09:24 20 Jun 21
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    How It Works

    Becoming Financially Free Is Easier Than You Think

    Step 1: Identify

    Asking for help is the hardest part. Which is why you get a personal debt and credit solution expert to confidentially review your unique situation and work with you every step of the way

    Step 2: Plan

    We then work with you, providing options for improving your credit, reducing debt and managing any repayments

    Step 3: Repair

    We can then assist with your chosen options each step of the way, implementing your unique credit and debt solution strategy

    Step 4: Monitor

    We offer an on-going service to continue to monitor your credit situation, regularly reviewing any changes to your credit score and identifying potential problems before they affect your financial well-being.