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Bankruptcy Notice: The 21-Day Ticking Clock
If you've received a Bankruptcy Notice, you have 21 days to act before you commit an "Act of Bankruptcy" and risk your personal assets. This legal demand for $10,000+ (often from the ATO) is not a scare tactic—it is the final warning before forced bankruptcy.

Protect Your Assets: Your 3 Critical Options
Failure to resolve the debt within 21 days allows the creditor to file a Creditor's Petition against you. To stop the clock, you must:

Pay the Debt: Satisfy the full amount owed.

Negotiate a Withdrawal: Establish a payment plan that the creditor accepts in exchange for withdrawing the notice.

Apply to Set Aside: Seek a court order to legally invalidate the notice due to errors, a genuine debt dispute, or an offsetting claim.

When the ATO is involved, the risk is immediate. They will not bluff and will pursue sequestration orders.

A Bankruptcy Notice is a complex legal challenge. Don't face it alone. Urgent legal action can help you challenge the notice's validity, negotiate a settlement, or even annul bankruptcy if the deadline has passed.

Act now to defend your financial future.

https://ashwalker.com.au/tax-debt/bankruptcy-notice/
🚨 Bankruptcy Notice: The 21-Day Ticking Clock If you've received a Bankruptcy Notice, you have 21 days to act before you commit an "Act of Bankruptcy" and risk your personal assets. This legal demand for $10,000+ (often from the ATO) is not a scare tactic—it is the final warning before forced bankruptcy. Protect Your Assets: Your 3 Critical Options Failure to resolve the debt within 21 days allows the creditor to file a Creditor's Petition against you. To stop the clock, you must: Pay the Debt: Satisfy the full amount owed. Negotiate a Withdrawal: Establish a payment plan that the creditor accepts in exchange for withdrawing the notice. Apply to Set Aside: Seek a court order to legally invalidate the notice due to errors, a genuine debt dispute, or an offsetting claim. When the ATO is involved, the risk is immediate. They will not bluff and will pursue sequestration orders. A Bankruptcy Notice is a complex legal challenge. Don't face it alone. Urgent legal action can help you challenge the notice's validity, negotiate a settlement, or even annul bankruptcy if the deadline has passed. Act now to defend your financial future. https://ashwalker.com.au/tax-debt/bankruptcy-notice/
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