Bankruptcy Bundaberg is a new service established to help the people of Bundaberg who are facing insolvency and bankruptcy. In recent statistics released by ITSA, Bundaberg was listed as one Queensland’s largest communities for bankruptcy.
The people of Bundaberg have been hard-hit by the ongoing effects of the Global Financial Crisis, and unlike people in other Queensland towns that are experiencing the positive effects of the mining boom, this economic growth has passed the people of Bundaberg by without any positive effects at all.
This, coupled with the ongoing downturn in the local sugar industry and tough economic conditions more generally, particularly in exports, tourism, retail and manufacturing have meant that more and more people in Bundaberg are finding themselves facing economic hardship.
The good news is that bankruptcy does not mean the end of the world, in fact, it can be the catalyst for a whole new start! The process of bankruptcy does not have to cost a lot of money and it doesn’t need to take a lot of time, and at the other side you can emerge with your credit history wiped clean and with a clean slate.
Importantly, although your financial situation may seem grim, you may actually be able to avoid bankruptcy altogether by entering into a debt agreement or arrangement or by restructuring your business or personal finances.
Whatever your situation might be, the team at Bankruptcy Bundaberg are your local choice to help you through this process.
