The personal impact of bankruptcy
At BT Acumen, we are real people, just like you. As insolvency specialists, we understand the toll a period of financial distress can take on mental health and wellbeing.
By the time someone is considering bankruptcy, wellbeing is often compromised by feelings of stress, fatigue and struggling to cope. The fear of the unknown, worry about the stigma of bankruptcy, incorrect information, and uncertainty about the future, fuels the negative impact. In other cases, financial difficulties come from trouble with addiction or mental health challenges and becoming debt free may only be the beginning of a wellness journey.
Regardless of the cause, mental health and wellbeing play a significant role in achieving successful insolvency outcomes.
No matter where you live, the following organisations can offer help and guidance.
Resources and Important Links
Smiling Mind https://www.smilingmind.com.au/
|Translating and Interpreting Service https://www.tisnational.gov.au/|
Indigenous Outreach Program https://moneysmart.gov.au/indigenous
|13 11 14|
|1800 737 732|
|National Debt Helpline https://ndh.org.au/|
|1800 007 007|
ASIC’s MoneySmart https://moneysmart.gov.au/
See the Seek legal assistance for debt related issues section https://www.afsa.gov.au/insolvency/cant-pay-my-debts/seek-legal-assistance
More information available on ASIC’s MoneySmart website at https://moneysmart.gov.au/financial-abuse
|Gambling Help Online https://www.gamblinghelponline.org.au/|
|1800 858 858|
|Beyond Blue https://www.beyondblue.org.au/|
|1300 22 4636|
|Relationships Australia https://www.relationships.org.au/what-we-do/services/family-dispute-resolution|
|1300 364 277|
|Family Relationships Online https://www.familyrelationships.gov.au/|
|1800 050 321|
|13 28 46|
|The Salvation Army https://www.salvationarmy.org.au/need-help/financial-assistance/|
|13 72 58|
|St Vincent de Paul Society https://www.vinnies.org.au/|
|13 18 12|
|Department of Human Services https://www.servicesaustralia.gov.au/individuals/subjects/crisis-and-special-help|