Bankruptcy can give you relief from overwhelming debt, but it also comes with serious consequences. When you become bankrupt, you may be required to surrender certain assets to a trustee including property, vehicles over a certain value, and money in bank accounts.
Some assets are protected, such as essential household items, basic superannuation and tools of trade up to a set limit. But others, including homes with equity or large tax refunds, may be sold to repay creditors.
Before applying for bankruptcy, it is essential to get legal advice about what you could lose, how long the bankruptcy will last and whether it is the right option for your situation.
Law Tram connects you with lawyers who can help you understand the real impact of bankruptcy on your assets and your future.
Start by completing our secure online questionnaire. This step allows you to provide essential details about your financial situation, assets and debt levels.
Law Tram’s advanced technology generates a confidential legal summary of your situation while keeping your personal and financial details private.
Your confidential legal summary is shared with our network of vetted lawyers who review your case to determine how they can assist.
If a lawyer believes they can help, they will initiate a chat with you through the Law Tram platform. Your contact details remain private unless you choose to share them.
You are under no pressure to retain any lawyer unless you are confident in their ability to assist. Law Tram empowers you to make informed decisions.
Law Tram’s Debt and Bankruptcy Consultation offers a secure, efficient and supportive way to connect with expert legal help. Whether you’re considering bankruptcy or already dealing with a trustee, our platform helps you access tailored legal advice from qualified lawyers.
Start your free, confidential consultation today. Please note that Law Tram does not assist in finding legal aid lawyers. If you are seeking legal aid, visit our dedicated legal aid page for more information.
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