It is inevitable that some individuals face bankruptcy where personal financial problems become chronic and unmanageable. In these unfortunate circumstances the bankruptcy process can be initiated by either a voluntary or forced process.

Bankruptcy options available include if you: 

• Want to present a declaration of intention to present a debtor's petition; 
• Want to become bankrupt; 
• Have become bankrupt under a sequestration order; 
• Want to propose a debt agreement; 
• Want to propose a personal insolvency agreement ;
• Are administering a deceased person's insolvent estate

It is recommended that you firstly read the Personal Insolvency Information Booklet (Click here to download resource) prior to proceeding with any options above.

For further information on bankruptcy options and the Debtors Petition Package please Click Here.