Understanding bankruptcy and its consequences in Australia Credit: zoranm/Getty ImagesTë cïn nɛŋ dhɛɛn, ku ca nhom cin wɛu bɛ̈r yin ka ke pïïr lëu, ke yeŋo lëu ba looïï?
Published
By Melissa Compagnoni
Presented by Kotnyin Thon
Source: SBS
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Të cïn nɛŋ dhɛɛn, ku ca nhom cin wɛu bɛ̈r yin ka ke pïïr lëu, ke yeŋo lëu ba looïï?
Key Points
- Bankruptcy lasts for three years but the consequences can last much longer.
- Bankruptcy won’t release you from all your debts.
- Always seek the advice of a financial counsellor.
