Bankrupt in Fremantle – Success Stories

Bankruptcy FremantleThree years ago I got divorced and it all went downhill from there, really. I thought I would be all right. We had a house loan here in Fremantle and two vehicle loans. It worked fine, with 2 wages, but after the divorce I just found myself existing off my credit cards, and ultimately it just reached a point where I couldn’t stick it out anymore. I took a job in the mines just to earn some extra cash, but even still it was going to take ten+ years to clear all my debts. It was hopeless and I was getting depressed, thinking I was caught. Ultimately I knew I couldn’t face another expense, so I decided to go bankrupt. I got on the net, found Bankruptcy Experts Fremantle and they made it easy. An initial telephone call set my mind at ease, they helped with all the paperwork and it was all over in two weeks. Best thing I have ever done; I have no idea why I didn’t do it sooner.

Simon

 

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Bankruptcy FremantleFor 23 years I had been managing a metal fabrication company here in Fremantle with my two boys. Like a lot of people in local business I worked hard. Some months were better than others but overall it was all I knew. One morning driving home from a tennis game with some colleagues, I got crashed into by a pickup coming the other way. I haven’t been the same since. I knew I wouldn’t be able to keep running my business like I used to, and I spent 4 months in the hospital. My sons did their best to keep the enterprise going, but gradually it got on top of them and I was of no help. The bills at work kept accumulating, and everything was in my name. My suppliers and employees were really fantastic, but eventually I was just digging myself further into a hole each week. The boys layed off staff and tried to make it all work. We eventually had to sell the house just to get by; that was the low point. Eventually we let the staff go and closed the shop. We were left with over $100,000 worth of accounts and no way of ever paying it back. My partner, when she is not assisting me, works part-time at the local college, but that just helps out with groceries, really. We knew we were going to be stuck with that debt for the rest of our lives. Eventually, I hopped on the phone to contact Bankruptcy Experts Fremantle. They provided me all sorts of advice immediately. I didn’t think anyone would give me any guidance at all unless I paid, obviously, but these guys were really straight up and easy to work with. They were not pushy, they didn’t even get my number, and they just said if I needed some help to go bankrupt to give them a call. They posted through some paperwork, they helped me fill it all in. I thought it would be a challenge but it only took 2 or 3 weeks and we were bankrupt. I highly recommend them to anyone who’s thinking of declaring bankruptcy.

Charlie & Stella

 

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Bankruptcy FremantleTom and I determined to go bankrupt last year after selling our business. It was all starting to get on top of us. We had invested in property pretty heavily in and around the Fremantle area over the past 10 years, and one thing lead to another where we essentially had to sell the entire portfolio because the resale values of the houses just kept reducing. It got to the point where we owed the lender a fortune and had no rental income to cover it. As I reflect now I realize we probably should have acted quicker when things started to worsen, but you hope things will get better. Bankruptcy Experts Fremantle gave us some wonderful advice, as it was a really stressed time for us and we have never not paid a bill in our entire lives. Bankruptcy Experts made us feel at ease. It’s strange, but bankruptcy has been one of the greatest things for our marriage. We live entirely debt free, and we are even saving some money. We will buy another home for our retired life, but right now we are just relishing each day as it comes.

Susan & Frank

 

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Bankruptcy FremantleThank you to Bankruptcy Experts Fremantle for helping me clear my debts. I had no way to service the debt I had left over once David left, and going bankrupt seemed the only option. They made it easy, did all the documentation and it only took about a week. Thank you again.

Marion

 

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Bankruptcy FremantleI have worked in the weight loss industry since I left eight years ago. Subsequently I started my own personal training business and it was going well. Eventually, I moved into a factory in a commercial area where I would run Meditation and Spin classes most mornings and evenings. After two years the council improved all the streets in the area and made things virtually hopeless to get in and out of the area. Eventually it just became obvious that it was just too challenging for my regulars to come and my company was tanking pretty quick. I didn’t really rack up any major bills, but I did have 3 years to go on the lease on the studio, which totaled up to about $120,000, which I was accountable for personally with a personal guarantee. I spent five months trying to sub let the place out but no one wanted it because of the roadwork. The landlord was getting impatient, so I left, locked the doors and got another job. I had hoped the landlord would find another renter but it’s going to take a while. Meanwhile, I felt I had no alternative but to file for bankruptcy. Bankruptcy Experts were terrific they didn’t ask for me much and even guided me get started up again in my own business. It was a positive experience. Thank you.

Susan

 

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Bankruptcy FremantleBefore the GFC I had a team of eight guys and there was lots of work out there. I have been in the construction game my whole life and I have never seen it quite this slow. All my regular work got less regular, I had a couple of designers not pay me and things have just exacerbated. After a while all I could do was pay the boys and pay our home loan and that was it. I hadn’t paid the BAS or any superannuation for a few years because I just didn’t have the money. I knew I needed to do something, but I seemed like building was all I knew. If I wasn’t doing this, what would I do? I knew I would never get an office job and I didn’t have much to retire on. Finally I decided to notify my accountant and he told me to go bankrupt. I asked him to help me, but he said he didn’t know too much about it and just to ring a bankruptcy business or a liquidator. I eventually found Bankruptcy Experts and they were excellent. They guided me through all my bills, they did all the forms and it was easier than I thought; I should have done it years ago. If you need to go bankrupt give these guys a call … they know what they are doing.

Steve

 

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Bankruptcy FremantleCalling Bankruptcy Experts was one of the most challenging things I did when my bills got to an extremely unmanageable level. They were really empathetic of my condition, they gave me very clear-cut advice and told me about approaches that made the whole ordeal easy to cope with. My wife and I have both worked hard our entire lives; however, a financial investment went to custard and ended up putting us in momentous debt really rapidly. It would have taken us fifteen to twenty years to pay back the debts notwithstanding our good income levels, but after speaking with these guys they helped me realize that bankruptcy was only three years, and in that time we can save our money to get back on our feet. Retiring destitute was never the end game, and now it doesn’t need to be. We only have one year to go in our bankruptcy and it’s all done, and time has flown. Bankruptcy Experts were great from start to finish and I highly recommend them.

Kevin

 

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Bankruptcy FremantleRunning a fast-food place is chaotic and hard work, but I have a passion for food and have been in the game for most of my life. It was difficult to understand where exactly it all went off track, but one day my accountant told me we are five quarters behind on our ATO bill payments and that we owed the ATO over $150,000. To make things much worse, we were in a payment plan with them, but it was getting more difficult to make those payments. Things seemed to be OK in the restaurant, but I guess the numbers weren’t working. I wasn’t sure what my choices were, so I called Bankruptcy Experts and they were awesome. From the get go they guided me through what I could and couldn’t do to get back on my feet. If you have some considerable debts, then absolutely give them a call.

Michelle

 

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Bankruptcy FremantleI have been bushwalking since I was a child. I treasure the outdoors and keeping in shape. It gets me away from the workplace and helps me get rid of the tension from the week. I have been pretty blessed in my career and landed a great job right out of University. I was making great money and had all the trimmings: cars, boats and a nice residential property. Our firm was rolling back and got sacked. I thought it wouldn’t take very long to find another job. After 6 months of searching I realized I couldn’t manage my debts any longer; I still didn’t have a job that paid anywhere near the money I was on, so my credit payments were more than my total earnings, and I was going backwards fast. One day a guy came to the door to take my car, as I didn’t realize I had missed three payments. That was a wakeup call. Not only that they sold the car but that I still owed $18,000 for a car I didn’t have. I then realized I had no alternative but to declare bankrupt. I called Bankruptcy Experts Fremantle, they got onto my case right away and I found myself debt-free within the week. Now I get to keep all my income and actually have a bit left over. Best thing I have ever done.

Terry

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