If you commit an Act of Bankruptcy, a creditor can petition the appropriate Court in your jurisdiction to make you bankrupt.
The most common type of Act of Bankruptcy, is the non-compliance of a Bankruptcy Notice. Other Acts of Bankruptcy is to propose a Debt Agreement or to propose a Personal Insolvency Agreement by signing a 188 Authority. Therefore it is important that you understand the implications of proposing a Debt Agreement or a Personal Insolvency Agreement.
At Debt Free we will help you to formulate a successful proposal to reduce to risk of your proposal being rejected and a creditor petitioning for Bankruptcy.
