I’m currently 27 years old, recently just came out of a long term relationship, lost my job, moved interstates to QLD Australia to be with family. Went through an extremely depressive stage, admitted into a psych hosp from sucidial attempts and now I’m finally getting back on my feet. I started a new degree but I’m left in a really bad financial situation with about 50k in cc debts and I have no idea what to do. I know this is entirely my fault and I’m trying my best to start life over again but I don’t know what’s the best solution.
I don’t plan to buy a home for at least 5-10 years and am considering even getting a tiny home one day so I’m not too worried about my credit ratings with banks because I DEFINITELY dont want to get another cc after all this again..
My concern is will bankruptcy affect my chances of working in a youth justice role? I’m studying criminoloy and criminal justice, hoping to be able to become a youth development program officer one day and I’m worried this might affect my jon application. Also, if I ever decide to study law, would it affect my bar exam?
If I choose to do the debt agreement, has anyone ever done this and how does it work? Is there usually a rough percentage of what they will accept?? I’m not working right now, studying full time so I don’t know how much I would be able to repay weekly even if I seek govt assistance.
Any help or advice would be much appreciated!! Thank you