Hey Aus Finance, So I have spoken with a financial counsellor already to get a better idea. But has anyone declared bankruptcy and was it worthwhile? Did you attempt to negotiate to not have to declare bankruptcy?

Some basic details about me. I was and have been full time employed for years. Earning 50 to 70k a year. Each job I left for medical reasons thinking it was aggravated by the job, and would go try something else. Never had issues. But Im now unable to work full time and can barely work a day a week at the moment. I'm on Centrelink receiving $750 a fortnight. I am balls deep in debt sitting at around $33k. I have $28k of the debt in a secured car loan against a car. I have $3.1k unsecured loan with the bank and a 2k zippay debt. I have a car worth 23.5k to a car yard (offered already). And a bike worth about $1000. No other possessions of notable value besides maybe a computer. But the bike and the computer are not able to be possessed due to their value and uses. My income is protected too.

EDIT: thought I'd update before closing Reddit and start fresh tomorrow morning. My current plan of attack for the morning- call the unsecured debt and zippay and see if I can get the repayments deferred temporarily. At the same time, I'm getting the bank to evaluate the car and see if they will allow for a full settlement or part settlement to ensure I can sell the car for the most value as quick as possible. Then organise a repayment plan to get back under control with debts. Then get my health sorted/whilst this is happening get my health sorted, and then hopefully back into full time employment and getting all debts cleared asap