Mark left his job as a fitter and turner to start his own business 4 years ago. He started out with 1 courier van in the inner city. Business was going well and after 2 years he was getting more business than he could handle. Family life was going well too and he was making enough to send his son to a private school. He therefore decided to expand. He bought 3 other vans and hired 3 staff to drive the vans as well as himself. Suddenly however, some problems arose: contracts began to fall over, interest rates rose, his staff turnover increased and things began to get very tight.

Mark had to fire all of his staff to cut costs and began working 60 hours a week as a courier and doing night shifts as a cleaner to try to make the payments on the van. 2 years later his health is suffering and he hasn’t seen his son in what feels like forever. His cleaning work has dried up, the payments on the vans have fallen behind and all he can now think about are his financial woes.

Our experienced staff were there to help. Given the size of his debt and the fact that he had next to no income, Mark soon decided that a bankruptcy was the best solution for him. We worked through his financial situation and helped him realize exactly what was entailed in a bankruptcy, given his particular circumstances. We also handled all the legal work needed to get him approved as a bankrupt and took the stress out of the process for him. Mark was able to keep his first van and is now back to working 40hrs per week. Life is back to normal and he even manages his son’s AFL team on Saturdays!

Get your free phone consultation now by calling Debt Consolidation Info Australia on 1300 679 402 or fill in our Contact Form and we will be in touch within 24 hours.