If you receive a Bankruptcy Notice or a Creditor's Petition (the Court documents that a creditor uses to make you go bankrupt), get legal advice quickly. If you are made bankrupt and do not owe the money, it can be very difficult and expensive to annul the bankruptcy.
In addition, bankruptcy can have far-reaching effects, which may extend beyond the period of time that someone is a undischarged bankrupt, or the bankruptcy remains on a person's credit rating.
This chapter is an explanation of selected aspects of the law of bankruptcy.
See also our pamphlet entitled Bankruptcy.
The content of the Law Handbook is made available as a public service for information purposes only and should not be relied upon as a substitute for legal advice. See Disclaimer for details. For free and confidential legal advice in South Australia call 1300 366 424.