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.
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Legal Services acknowledges Aboriginal people as the Traditional Owners and ongoing occupants of the lands and waters in South Australia and we respect their spiritual, cultural and heritage beliefs. We recognise their continuing connection to land, water and community and pay our deep respect to Elders past and present.
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