Help you with Bankruptcy

Many of the people who approach MyBudget are so deep in debt they can see no way out except bankruptcy. They’re usually so stressed and worried that any other options are difficult to comprehend. All they know is that they want the worry to end. They want to stop being harassed by collectors. They want to sleep at night. They want to stop fighting over money with the people they love. They want to start enjoying life again.

At MyBudget, we offer a caring and independent free assessment to confirm if bankruptcy is the right course of action for you.

Financial trouble often stems from personal budgeting issues.

Personal insolvency rarely happens overnight. It’s usually a process that evolves over time which can be traced back to overspending habits, coupled with unexpected changes in life. If you look back at your own situation, do you feel that better personal budgeting might have helped you to avoid your current predicament?

It’s very easy to overspend. When money runs low, we start using our credit cards. Instead of saving for the things we want, we take out loans so we can have them now. When our credit card gets full, we add it onto a personal loan. Before we know it, we’ve developed an unmanageable level of debt, as well as poor personal budgeting habits.

Consider the benefits of personal budgeting:

• Personal budgeting is the only way to truly control your money.
• Personal budgeting ensures that you always live within your means.
• Personal budgeting provides a safety net for when life inevitably changes or things go wrong.
• Personal budgeting is the best method to plan for and achieve future goals and needs.

MyBudget’s bankruptcy assessment is independent and free.

The only way to judge if a person is truly insolvent is to assess their cash flow position. By examining your financial circumstances in detail we will be able to tell you whether we believe that bankruptcy is your best course of action. We will explain how bankruptcy would affect your financial position, as well as explore all of your other options.

This personal budgeting consultation is confidential, independent and free. At the end of the consultation, you have no obligation to proceed with MyBudget. In fact, the budget we prepare for you and our advice would be yours to keep at no charge.

If bankruptcy proves to be your best option, you can choose to have MyBudget assist you with the necessary paperwork. You can also authorise MyBudget to communicate your declaration of bankruptcy to your creditors on your behalf. That means no more harassing calls from creditors and collectors. This in itself is usually a huge, immediate relief to most people.

What if bankruptcy is not the best option? What if improved personal budgeting is the answer?

During the personal budgeting consultation, many people begin to see that their situation may be more manageable than they imagined. The personal budgeting process often reveals potential for improvement over time. In this case, MyBudget can assist by contacting your creditors to advise them that you are considering bankruptcy.

On your behalf, we can also negotiate realistic payment plans with your creditors—repayments based on what you can afford. Our vast experience in debt negotiation means that we know what sorts of terms are achievable. In many instances, we can negotiate for interest rate and repayment reductions or even arrange for payments to cease for a period of time while you get back on track.

Why is MyBudget’s approach to personal budgeting so successful?

It’s one thing to create a budget; it’s another thing to stick to it. The success of MyBudget’s model is that we do the heavy lifting for you. In 2011 alone, we managed over 1.5 million payments and $250 million in salaries on our clients’ behalf. Sticking to a personal budget becomes much easier when someone else is making sure that your bills are paid on time and that there’s enough money to cover your living expenses.

In other words, when you become a MyBudget client, you don’t lose control of your money, you take control of it. You know exactly where your money is going instead of wondering where it went. No more feeling like things are spinning out of control because your finances are in a mess. No more harassing calls from creditors. No more fear that there won’t be enough money left over for your basic needs.

MyBudget’s approach to personal budgeting is also very flexible. We recognise that changes happen in life and that your personal budget needs to be able to change with you.

MyBudget helped Yvonne take control of their finances through personal budgeting. We can help you, too.

Yvonne had so many outstanding debts that she was suffering depression and facing multiple lawsuits. MyBudget took the pressure off Yvonne by liaising with her creditors, reducing her debt and helping her to save. Since joining MyBudget, Yvonne no longer worries about money. She’s even been able to take two holidays with her sons.

Relieve your stress and worry. Book a free bankruptcy assessment today.

A free consultation with MyBudget is an opportunity to gain deep insights into your financial situation and all of your options. Even if you decide not to become a MyBudget client, the budget plan we prepare for you is yours to keep at no charge.

Change doesn’t have to be difficult. The first step is always the hardest, but in this case it’s as simple as making a phone call. Take the step today to get out of debt and start saving. It’ll be the best decision you’ve ever made.