Personal Bankruptcy

Regardless of the causes of personal insolvency we see first hand the stress levels that generally result from this type of crisis. We believe it is critical to explain the various options available to individuals under the Bankruptcy Act so that they can endeavor to re-focus and re-establish themselves. This benefits not just the individual, but creditors in the sense that the individual may seek to either terminate a bankruptcy early for instance by paying creditors out in full or alternatively by obtaining gainful employment they may be required to make income contributions for the benefit of creditors.

Further information regarding the types of personal insolvency options are available from the Jones Partners website.