Community · Legal Question

How can I declare bankruptcy in Australia?

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Q

What steps must be followed to declare bankruptcy in Australia?

United States Minor Outlying Islands

Answers

2 answers from the community

A

To declare bankruptcy, you must complete and submit a Bankruptcy Form to the Australian Financial Security Authority (AFSA).

1 year ago

A

It is advisable to seek legal or financial advice before proceeding with a bankruptcy declaration.

1 year ago