Personal Insolvency
Practical, compliant, and compassionate guidance for individuals facing financial distress.
Personal insolvency occurs when an individual is unable to meet their debt obligations as they fall due. At The Ruhe Group, we provide expert support in navigating both formal and informal insolvency processes, including bankruptcy, personal insolvency agreements (PIAs), and personal insolvency advice.
With a deep understanding of Australia’s personal insolvency laws, our team ensures full compliance with relevant legislation, while delivering tailored, strategic solutions that achieve fair and efficient outcomes for debtors and creditors alike. Whether you’re an individual in financial difficulty or a creditor seeking resolution, we help bring clarity, structure, and confidence to every step.
Who It’s For
Individuals overwhelmed by debt or unable to meet loan repayments
Business owners whose personal finances are impacted by trading losses
Creditors seeking to recover debts from insolvent individuals
Legal advisors requiring expert support in insolvency administration
Anyone considering voluntary bankruptcy or alternatives
You’re facing mounting unsecured debts and want to explore your legal options
A creditor is pursuing legal action and you’ve received a bankruptcy notice
You’re unable to repay personal loans, tax debts, or business liabilities
You want to avoid bankruptcy and propose a structured repayment agreement
You’re owed money and are seeking options
Common Scenarios
Our Services
Bankruptcy Administration
Bankruptcy is a legal process that allows for the fair distribution of an individual’s assets to creditors. It provides a structured path toward financial resolution and release from unmanageable debts.
We manage both:
Creditor’s Petition Bankruptcy – where a creditor applies to the court to declare an individual bankrupt.
Debtor’s Petition Bankruptcy – where an individual voluntarily declares bankruptcy.
Our role includes the appointment and management of the trustee, asset realisation, and ensuring legal obligations are fulfilled with full transparency.
Personal Insolvency Agreements (PIAs)
A PIA is a formal alternative to bankruptcy. It allows a debtor to negotiate an agreement with creditors to repay part or all of their debts over time.
The Ruhe Group handles the entire process—from proposal review and investigations to managing approvals and implementation—ensuring legal compliance and outcomes that work for all parties.
FAQs
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Bankruptcy involves the legal surrender of assets to pay off debts, whereas a PIA allows a debtor to negotiate a payment plan while avoiding bankruptcy.
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Yes, individuals can voluntarily file a debtor’s petition. We can help guide you through the paperwork, process, and what to expect.
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Yes. Both bankruptcy and PIAs are recorded on your credit file for a number of years and may impact your ability to obtain credit.
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Generally, bankruptcy lasts 3 years and 1 day. However, consequences and restrictions may continue beyond that.
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Yes, but there are restrictions. For example, you must trade under your own name unless you disclose the bankruptcy.
Need Personal Insolvency Support?
Let's Talk!
Need Personal Insolvency Support? Let's Talk!
The Ruhe Group is here to help.
Our team is here to help you regain clarity and control of your financial situation.