Personal Bankruptcy

Kingsford Lawyers prides itself in maintaining a medium firm feel by treating each client with care and consideration.

Personal Insolvency & Bankruptcy Lawyers in Melbourne and Queensland

If you are finding yourself unable to meet obligations you have financially made such as:

If you have already attempted to meet demand letter notices and failed on financial hardship applications, then you may be subject to receiving a notice of bankruptcy.

Don't Take Chances - Involve Experienced Insolvency Lawyers

Kingsford Lawyers assist in ensuring you understand your rights and obligations when served with a bankruptcy notice. We can provide advice on:

Declaring Bankruptcy: Other Options and Long-Term Consequences

You should seek legal advice as soon as you start experiencing financial difficulties, although if you are at this stage, we can still help and options although may be limited are still available and include:

Or you may be looking at the option of declaring bankruptcy if the debt has become too overwhelming and may be the only option left, we can help you through this process of declaring bankruptcy.

When you declare bankruptcy, you are formally and legally declaring your acknowledgment that you are unable to meet your financial obligations. It is vital that you seek legal advice if you are considering this option and it is important you understand that bankruptcy has considerable and long-lasting effects on your credit report.

Understand your rights and obligations when served with a bankruptcy notice

Don't Take Chances - Involve Experienced Insolvency Lawyers

Kingsford Lawyers assist in ensuring you understand your rights and obligations when served with a bankruptcy notice. We can provide advice on:

Declaring Bankruptcy: Other Options and Long-Term Consequences

Or you may be looking at the option of declaring bankruptcy if the debt has become too overwhelming and may be the only option left, we can help you through this process of declaring bankruptcy.

What Happens If You File For Personal Bankruptcy

Once entered into bankruptcy, a trustee will be appointed and they will become responsible for administering the Bankrupt Estates (take over all financial affairs), and have several responsibilities which include:

“Releasing” (selling) the individual’s assets and making distributions in the order of priorities prescribed by the Act
Where financially advantageous, “clawing back” any assets that have been transferred out of the individual’s capacity in an attempt to avoid repayments
Continue to monitor the income of the bankrupt
Report any other offenses committed by the individual to the Australian Financial Security Authority
Providing a report to creditors containing an estimate of the returns they will receive

Call us today to book a consultation if you are experiencing any of the above.

our satisfied clients

After a particularly distressing time buying what we thought was a viable business turning into a complete nightmare and contacting many Solicitors for help, I came across Kingsford Lawyers Can I just honestly say the process was so comforting, Jasmina kept constant contact with me and did not stop with what was a difficult situation until she got her desired result.

I have no hesitation in recommending this company they completely changed our lives.

A big Shout out to Krissy and Victor, thank you for handling our case in such a professional manner and getting us the fabulous results we got.

Finally, we have our life back thanks to your expertise and efforts. A special thank you to Krissy for having such a big heart and caring about us in our darkest hours. Finding a solicitor with compassion and kindness is pretty rare.

I would have no hesitation in recommending both of you to others.

Kingsford lawyers have been a beacon of hope to me at a time when my options appeared limited and the likelihood of a satisfactory resolution seemed nigh on impossible”.

The Kingsford lawyers were not only able to successfully defend me out of bankruptcy, their calm empathetic demeanour, offered me emotional support when I needed it the most. They went back to basics and drew out the facts with the utmost intellect and precision.

My only regret is not appointing them sooner. Thank you for helping me rebuild my life - you’re in a league of your own Kingston Lawyers.

Kingsford Lawyers are a diligent and highly professional team who are quick to navigate and decipher the key issues at hand, from the most complex of matters.

After my initial meeting with the team, I knew that I was in safe hands. I had absolute confidence in their ability to represent me and negotiate a successful outcome. Kingsford Lawyers demonstrated expertise and through a carefully crafted strategic plan of action, were able to bring my entire litigation matter to a favourable resolution.

Their superior level of legal advice and meticulous focus is unwavering.

The best immigration agent & Lawyer (Madeleine) in my whole immigration process experience.

They did not just sort my case and finalise it, but also have always been supportive and polite. They were very responsive and were ready to clarify any confusion I had.

Strongly recommend 100%, you can hand them your case and trust them blindly for the best and quick solution.

I was considering the purchase of a property that falls outside normal conveyancing procedures.

Jasmina provided excellent, clear and lucid advice about the sales contract and the potential pitfalls, both now and into the future. I was most impressed with her professionalism and the time that she was prepared to explain the issues drawing on her previous experiences with similar contracts.

I would highly recommend Kingsford Lawyers to anyone who might be considering moving into a "Lifestyle" community

I strongly agree with my brother that Kingsford Lawyers are the best, and well experienced in their field.

My brother recommended consulting with Madeleine; she presented my documents so well that I was granted my visa within 3 weeks. She has always been supportive and friendly.

You can give her your case and can trust her indiscriminately.

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