If you receive a Bankruptcy Notice or a Creditor's Petition (the Court documents that a creditor uses to make you go bankrupt), get legal advice quickly. If you are made bankrupt and do not owe the money, it can be very difficult and expensive to annul the bankruptcy.
In addition, bankruptcy can have far-reaching effects, which may extend beyond the period of time that someone is a undischarged bankrupt, or the bankruptcy remains on a person's credit rating.
This chapter is an explanation of selected aspects of the law of bankruptcy.
See also our pamphlet entitled Bankruptcy.