Bankruptcy: What does it mean?

3 minutes
Share

Bankruptcy is a legal process by which people can seek relief from debts they’re unable to repay. Many people think of it as a way to make a fresh start however it can have lingering effects. Find out more about Bankruptcy by watching this jargon busting video.


author thumbnail image

Davidson Institute

Whether you’re a budding business, dedicated community group or curious individual, our financial education resources are designed to help you feel more money confident. Powered by Westpac, the Davidson Institute is here to help you work towards the financial future you want.

Was this helpful?