A1 Debt Assistance - Business Bankruptcy Service Australia
Call 1300 79 74 73 Free Phone Consultation  - Free Quote
e: info@a1debtassistance.com.au
As seen on A Current Affair 
Bankruptcy can free you of your debt burden within days, even if you have tax debts!
Free Business Bankruptcy Information - Find the answers on this page.
  
Bankruptcy sounds like a bad word, but it can actually be the best thing for you & your business!
You are not alone! Small Business Bankruptcy has surged around Australia by a staggering 48% in 2011, according to findings by Dun & Bradstreet.
Many business owners are finding the current trading environment extremely tough - no wonder, so is just about every country in the European Union. Consumers are holding on to their cash and are certainly more conservative when it comes to making purchases on credit. Other businesses also feel the impact of our strong dollar, which makes our export market non competitive in many ways. Resources are booming, but unfortunately that is about it. Many small businesses are hurting again - like in the Keating recession in the early 1990's.
A person very close to me was in the same boat during the before mentioned Keating recession and he did not understand anything about bankruptcy. Neither did he want to - if you have debts you must find a way to pay them, that was his crazy approach to it. His idea was that he had to keep re-inventing how he operated and he put a lot of pressure on his staff & family - and of course himself. In the end he lost that fight for survival and after 3 years of trying to stay afloat - he entered into voluntary bankruptcy. The information that he received about bankruptcy at the time came initially from a family friend, after that he spoke to some Financial Advisors - which he thought would know what there is to know about bankruptcy. He was very wrong. His bankruptcy was an utter disaster and he lost things that he did not have to lose. He also did not realise that he could have kept trading in any one of his shops. Instead he looked for jobs that only paid him enough to stay below the income threshold, as he did not understand that his income in reality was not limited by any threshold as such. In reality, the more you earn the better. Yes you to have to make income contributions for the 3 years of your bankruptcy if your income is above the threshold, but you only pay 50 cents in every dollar above that threshold. So you are actually better off, no matter how much you pay in contributions. You could even be lucky enough and your income contributions may buy you out of bankruptcy before the 3 years are up.
Call A1 Debt Assistance to find out how we can best help you and what it would really means for you to go bankrupt. We can tell you what you would lose and what you can keep and answer any other questions you may have.
We can have you debt free in a matter of days and if you are bound by a lease for a business - do not worry about that - we can include that in your bankruptcy if you wish to stop trading. If you want to continue trading, your lease payments must be up to date.
GST & Tax debts can be written off in your bankruptcy! After reading this page, please Go to our Case Studies page to see a real life situation and how it was solved.
Bankruptcy does NOT stop you from owning your own business!
You can trade under an ABN, but you can not be Director of a Company. If you have a company and you need to go bankrupt, there are a number of options that may suit you. For example if the business is viable and not the reason for your bankruptcy, you could cease the company and set it up as a sole trader under ABN instead. We can talk about this in greater detail when you contact us, as this will all depend on your actual circumstances.
A1 Debt Assistance provides the highest level of personalised care to every client. We listen to your specific needs and create an action plan that is best suited to you and your business and we can implement it on your behalf and get you out of debt within days from being hired by you to do so.
Bankruptcy for people who operate under an ABN number does not mean the end of their business. Not all debts are due to the current performance of your business, debts can get out of control for a number of reasons which may be out of your control. We have had cases, whereby businesses moved from one location to another as they needed more room for their growing business, only to find themselfes waiting and waiting to get the required certification for the new outlet to operate under - thus being unable to trade and still pay rent and wages. One such case was extreme - they had a great business and had been operating for over 10 years, they moved into larger premisses and 2 years down the track they are still not allowed to trade from the new location. It not only wrecked the business, but also the life for the Husband and Wife owners. Remember the stigma about bankruptcy - there is no such thing. People are doing their best and unfortunately the reward for your efforts is not always just.
If your business is the cause of your financial problems, A1 can set it up so that you can walk out of your business in a matter of days and regain your life. Imagine the feeling of just getting an income again in a regular job and having your taxes paid by your employer, can be a great feeling. No books to worry about either. Go home after work and do the things that you want to do - not be worried how you are going to pay your debts any longer. We all believe in our businesses and don't want to give up - but it can be so much better than dragging your family and your suppliers and staff through this mess with you.
A1 Debt Assistance can make all arrangements in regards to your equipment and landlord, lease break etc.
If you are insolvent you need to stop trading!
Bankruptcy if done by A1 Debt Assistance will consider your business situation and apply the depth of knowledge we have gained by our experience in this field. You will obtain the best possible outcome for you and you and your family and all by totally adhereing to the Bankruptcy Act - thus making sure that your documents have been prepared professionally and there are no mistakes that can have bad consequences for you. To be able to achieve this, you have to tell us the truth about your situation and not leave out vital parts or try to hide assetts. If you do this - you only hurt yourself as you are responsible for the information you provide us with. Information must be true and complete to the best of your knowledge.
To see how long A1 Debt Assistance has been operating - simply copy the ABN number on the bottom of this page and google the term ABN Search - enter our number and voila!
A1 Debt Assistance - why our fees are amongst the lowest in Australia.
We recently have been questioned about our fees more frequently than ever - eg: Client, a husband and wife team, was quoted $5k each, or a total of $10k to complete their bankruptcy. We did not know about the other quote - our quote was under $2k each. The response was that the client was confused and nearly went with the higher quote as they thought that there has to be something wrong. We completed their bankruptcies in a matter of 5 days, the other operator who quoted $10k gave them an estimated time frame of 5 to 10 weeks as they have so many clients and the work is not as simple as people may think - this also gave the impression that they are a good firm as they claimed to be busy. We think that they make it sound harder than it is and A1 Debt Assistance only charges for our time, not some magic, because when you know what you are doing - there is no magic, it is paperwork that requires expertise and time, and that is what A1 Debt Assistance charges for without the expense of suits and fancy offices. We all know who is paying for such trappings.
A1 Debt Assistance is a family business, working from a home office. As such, our overheads are much lower than most and our fees are amongst the lowest in Australia, if not THE lowest.
Most days I work in shorts and T-shirt, but if you think that it enhances our knowledge to wear a $1000 suit, let me know and I'll get one should you wish to visit - as you can imagine, that would be added to your bill.
Click here to request a call for your FREE QUOTE.
e: info@a1debtassistance.com.au
Tax Debts - can be cleared under bankruptcy.
There is a lot of confusion out there in regards to tax debts and outstanding tax returns. If you know that you have a tax problem and have not lodged a tax return for some years, you have 2 options. If you have the money to pay or believe that you can earn this money in the near future - contact your accountant and get your taxes up to date. If you have not done the returns because you did not have the money at the time and you have no hope of catching up with your tax obligations now - don't contact your accountant for a tax return, you are wasting time and money. We can run an estimate on your tax obligation and include that figure into your business bankruptcy without you doing tax returns prior to entering into bankruptcy. The ATO may ask you to submit these tax returns at a later stage, but you will not have to pay for tax obligations that have been incurred prior to your bankruptcy.
General Bankruptcy Information
Bankruptcy is a legitimate way to clear your debts and turn a new page in your life. If you have considered all options and still can't find a way to clear your debts, then your situation may require you to file for voluntary bankruptcy. Let A1 Debt Assistance take the stress out of this task for you and give you peace of mind. We can do all the work for you in a matter of days from the time your first make contact with on.
Bankruptcy is not as bad as some people think, but it is a decision that you need to make carefully and you should contact A1 Debt Assistance to find out more. In most cases, bankruptcy can provide you with a fresh start and an instant way to free up a big portion of your income.
Personal Debts & Business Bankruptcy
As a Sole Trader or Sub Contractor, all debts are your personal debts. If a debt is secured, such as a car loan, and you can afford to maintain the payments after your bankruptcy - you may keep this loan and your car. There are times when you can keep your house, but this is subject to the amount of equity and in this case you are best of not to have any equity or next to none. Call 1300 79 74 73 or email us and find out where you stand.
e: info@a1debtassistance.com.au
Have you considered all options?
Before deciding on bankruptcy, company liquidation or insolvency - you should have explored all your options. You may have tried to re-finance and looked at debt consolidation and/or debt negotiation. Perhaps you have looked at Part 9 or Part 10 Debt Agreements. Whatever you do, don't get into something that will only prolong the suffering. If you can pay your way out of the situation that you are currently in - go for it and give it your best shot. But if you have tried and there are no other options - don't delay it any longer, let us arrange your bankruptcy documentation, lodge it with the Government and give you back your sanity.
Call A1 Debt Assistance on 1300 79 74 73 for more information and to see how this can affect your situation.
We will also be able to let you know the exact cost of our service, based on your circumstances once we had the chance to talk with you. If you are on this site and it is too late in the day to call - simply click on contact and we will contact you and work out a way that A1 can help you get back on track.
e: info@a1debtassistance.com.au
Credit Cards and overdrafts, personal guarantees etc can all be covered under your bankruptcy, including lease payments of products or premises that you no longer require.
A1 Debt Assistance can usually complete all Business Bankruptcy documents within 5 to 7 business days from the date we have received your documents. We complete all the required Government Documents for you. There is nothing for you to do, other than look forward to a fresh start.
Business Bankruptcy - from only $699
If you have operated under an ABN within the last 5 years, Business Bankruptcy is the service that applies to you, even if you have stopped trading.
If you think we should talk and get the ball rolling, please select one of the contact options below:
Call 1300 79 74 73 - or click on Free Phone Consultation - or click for a Free Quote
e: info@a1debtassistance.com.au
Whatever your problem is, you need to consider your own physical and mental health and that of the people you care about. You don't have to go through financial hardship on your own, contact A1 and talk to someone who understands your problem. A1 Debt Assistance have helped 1000's of people who thought they had reached the end. Your problem is not unique and A1 deal with this situation on a daily basis - that coupled with our own experience, is how we have learned to solve financial problems.
We'd love your Feedback:
As a small business we are always keen to learn what people think of A1 Debt Assistance after visiting this site. Let us know your thoughts or recommendations, positive or negative, it all helps to further improve our content and our ability to help the people that most need it.
Please email us your feedback to info@a1debtassistance.com.au and perhaps you wish to add this site to your favorites for future visits or recommend a friend in need.
We up-date our content on a regular basis and add new information based on getting people out of debt and giving them a new start. If you have not done so yet - you should visit our "Voluntary Bankruptcy" page.
If you know someone close to you who is experiencing financial hardship, please tell them about A1 Debt Assistance. We service all of Australia and the initial phone consultation is free of charge.
Phone: 1300 79 74 73 - Free phone consultation and a free quote based on your exact situation.
e: info@a1debtassistance.com.au
On another note:
Extra Income opportunity for car owners: A1 car Ads
You may also consider registering for the chance of a little extra income if you have a reliable car.
Visit www.a1carads.com.au
A1 Car Ads is a business that promotes your car as an advertising space to Companies Australia wide. Go to the website and see for yourself if that is something that may interest you.
Thank you for visiting - A1 Debt Assistance Australia
Troy & Karen
A1 Debt Assistance
ABN 80 196 533 578
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