Avoid Declaring Bankruptcy
What we offer isn't the true definition of bankruptcy loans, but we do find ways to bail people out of their mortgages which are spiraling out of control, and who are staring down the barrel of the banks threatening bankruptcy. We also can't help those who have already declared bankruptcy, but people who have the banks demanding overdue mortgage payments can usually be assisted with strategy and negotiation. Although you may want to, It's best NOT to put your head in the sand during these difficult times, because declaring bankruptcy should be your absolute last resort. That stigma can follow you around for up to ten years and will affect your life in many ways. Often people don't know their options, they're caught in a spiraling situation and they have no idea that Prop-Assist can help them avoid bankruptcy. If this sounds familiar to your situation, reach out for a confidential discussion.
Prop-Assist Are Sunshine Coast Locals
Prop-Assist is run by Sunshine Coast locals who understand the legal system and how the banks operate. We are property investors that buy, renovate, and sell houses for a profit with an additional layer understanding the banking and legal systems in relation to mortgage stress. We're a down-to-earth team who have worked hard, made a bit of money in our lives and operate a company specialising in helping people in trouble with their mortgages or distressed homes that a burning a hole in their pocket. What this means is that if you're facing a bank foreclosure on your property, then Prop-Assist can act as an intermediary so you don't lose everything. We can't promise that you'll keep everything either, but we do aim to minimise your losses, avoiding bankruptcy so you can carry on with life and a lot less stress.
What Happens If I'm Bankrupt?
Declaring Bankruptcy means that you'll have a tainted credit score for 7-10 years. This means you won't be approved for finance from mainstream lenders, you won't be allowed credit cards, certain non-essential providers such as internet or other services quite possibly won't accept you as a customer. The list goes on. If you declare bankruptcy, it's likely you'll be stripped of any assets in your personal name to repay the monies owed. If you use your own personal vehicle for work purposes, this could lead to other implications.
Avoid Bankruptcy At All Costs
Avoiding bankruptcy is usually your best choice, but only if it means you can get a fresh start and relieve stress without having a big black mark next to your name, following you around for the next ten years. Avoiding this allows you to continue living your life as you normally would. There is a searchable, online Bankruptcy Registry Search in Australia, which allows people to access your personal information relating to your insolvency. People will find your name on this whenever a search is carried out and you won't be able to escape it for up to a decade. Our advice? Chat to as soon as possible and we'll see if there's a way to assist you in avoiding bankruptcy altogether.
How We Operate In Helping You Avoid Bankruptcy
The Sunny coast is a small place, and our reputation is important to us. We're not real estate agents, we're investors who have a code of ethics that we abide to. We inform you of all of your options. Even the options that don't include us getting involved. Transparency is key to helping you start a new chapter, debt free.
Professional & Transparent
Easy To Understand
We Understand The Banking System
You'll Get Relief From Financial Stress
We Only Negotiate Win/Win Outcomes
We Understand The Legal System
Bankruptcy Loans - What Are They?
Let's start by explaining what they're not. Prop-Assist doesn't offer bankruptcy loans, but we do help you avoid it altogether. Bankruptcy loans would only get you into more debt, worsening your situation. In contrast, our intention is to do the opposite. We help people that are looking for an answer when they're getting demand notices from the bank.
Will I Get Into More Debt?
No, our alternative to a bankruptcy loan is designed to get you out of debt. you currently have a mortgage which is dragging you down, so we look to relieve you of that liability so you can have a fresh start.
Will A Bankruptcy Loan Affect My Credit Score?
No, if anything, our alternative will save your credit score from becoming unsavable. If we work together on a Prop-Assist bankruptcy loan alternative, we'll be able to work on improving your credit score immediately.
How Do I Apply?
It's as simple as connecting with us for a confidential discussion about your financial situation. This can be done in a relaxed environment over a coffee, ideally at your home. It's best if all decision makers are present.