Read our

Recent Articles

Life After Bankruptcy in Australia – Your emotional, physical and financial wellbeing

By Administrator 01 August, 2019

Life After Bankruptcy in Australia  – Your emotional, physical and financial wellbeing

 

Here at Debt Free Australia, we are often asked about whether or not there is a ‘life’ after bankruptcy.

 

For many people, the emotional, financial, and physical stress of personal insolvency can sometimes make it seem like there is no end to it. However, bankruptcy can give you an opportunity for a fresh start. Here are a few things you need to know about life after bankruptcy in Australia.

 

How will my future look in life after bankruptcy?

Emotional

It can be extremely stressful in the period leading up to bankruptcy. The constant phone calls and harassment from creditors can feel like there is no end. However, after bankruptcy you can slowly diminish this as our personal insolvency experts can help take care of you.

 

Physical

It is important to keep a healthy mind and body. As such regular exercise and proper nutrition are both things you need to prioritise in your life so you don’t allow the stress to affect your health.

 

Financial

In the aftermath of bankruptcy, it is wise to carefully consider your financial decision before jumping into another potential debt-inducing situation. For some people, getting a job is the first sense of financial stability they want to stand on their feet again.

 

In some ways, for people in a tough financial spot, bankruptcy can be considered as a means of relief – an opportunity for a fresh start.

 

If you would like to learn more about life after bankruptcy, then please contact us on our 24/7 toll-free hotline on 1800 676 598 to speak to one of our friendly and professional debt relief consultants.