Give us a call on 1300 794 492 or email

Tony is a successful, self employed business consultant who’s tax affairs had got out of hand.

The end result was that Tony ended up with close to $300k of tax debt he personally owed to the ATO.

It took some time but eventually Tony recognized that his tax debt was unpayable.

Tony has no major assets personally and finances two recent model German cars.

Tony’s has always been a higher income earner and that was not likely to change just because he needed to go into bankruptcy.

Steve Appleton returned Tony’s call same day and they had the first of three or four chats.

During their conversation Steve Appleton made the suggestion that Tony consider making contact with a registered Trustee to have a to have a ‘get to know you’ conversation where Tony could discuss with the Trustee’s how the bankruptcy income contribution system worked.

Tony mentioned to Steve that he had seen a link to Nicholls & Co on the Appleton website and had also seen the Nicholls & Co website during his general research on bankruptcy on the internet.

Tony requested and received the Fred Appleton bankruptcy questionnaires via email during their second conversation.

He completed the questionnaires within an hour or two hour in the following few days and returned them as instructed.

Tony’s bankruptcy documents were prepared to a professional standard by Helen Millward within a few days they were ready for his signature.

Whilst his bankruptcy documents were being prepared Tony spoke with Alan Nicholls who confirmed that Tony was likely to make a contribution from his income and that he could remain a self employed consultant with the preferred business structure being a Sole Trader.

Alan Nicholls went on to tell Tony that if he would like him to act as Trustee and he should send his signed bankruptcy documents to Nicholls & Co and, subject to his review of the ‘Statement of Affairs’ he would consent to act as Tony’s Trustee.

Helen Millward completed Tony’s bankruptcy documents within a few days.

Following some consideration Tony felt comfortable with Alan Nicholls as the Trustee so after he signed and dated his bankruptcy documents he posted them to Nicholls & Co.

After reviewing the Statement of Affairs Alan Nicholls decided to provide consent to act as Tony’s Trustee and he then lodged Tony’s bankruptcy documents with AFSA.

Tony was pleasantly surprised how straightforward the process was.

His bankruptcy was accepted by AFSA about two weeks after his first conversation with Steve.

Tony received his Bankruptcy Notice from AFSA confirming that his bankruptcy application was accepted.

Meanwhile, Tony is back doing what he does best and is going great guns.

Here is what Tony said in an email to Fred and Steve about 9 months after his bankruptcy application was accepted.


Hello Fred and Steve,

You have been a genuine lifesaver.

It is your guidance, experience and professional services that led me to unashamedly declare myself bankrupt. A lifesaver for my family, myself and my sanity.

For over 2 years, my sanity was declining and my stress was increasing as I was trying in earnest to ‘pay’ as much as was ever possible to a range of entities, yet the terms of ‘debt’ owed had severely collapsed any real ability to get on top of it all. Adding to the strain was then fractures in my marriage as we attempted to ‘keep it together’

Of course, the financial end became fully fractured and in full disrepair. My marriage was headed that way too.

That was until Appleton’s services were able to guide me through.

Thank you for your directness, yet empathetic approach that has now led me to being nearly a year into the protection of Bankruptcy and operating from a clean slate to ‘start over’

If any potential client of Appleton’s is thinking about “Should I do this with Appleton’s”… then let me say that the answer is an unequivocal “YES”

Not only “YES” but within weeks… it’ll naturally be a “PHEW… Thank Goodness”

Please feel free to refer any potential client who is “thinking about it” to me… as the life you have generously helped me to restore, has helped me to bring back not only a fresh start to my business and my life… you have helped me to bring back my family and most of all my love and sanity.

With enormous thanks to you and the team at Appleton’s and to the team at Nicholls and Co


Back to top