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Top 5 Tips on How to Declare Bankruptcy in Australia

Most Australian's have only truly contemplated bankruptcy when playing a game of Monopoly with their friends! In spite of this, there are close to 13,000 people that declare bankruptcy yearly in Australia. It's extraordinary how easily people can go from enjoying a healthy financial position to tackling a mountain of debt. In most cases, events [...]

By | 2018-07-25T06:24:32+00:00 June 27, 2018|Article, bankruptcy, blog|

Top 3 Reasons For Personal Bankruptcy in Australia

Nobody wants to contemplate bankruptcy, which is easy to understand given that bankruptcy will affect your financial situation for years to follow. This may be one of the reasons why individuals don't look for financial guidance in times of need, because they are under the popular misunderstanding that bankruptcy is the only way to work [...]

By | 2018-07-25T06:25:35+00:00 June 25, 2018|Article, bankruptcy, blog|

The Difference Between Good Debt and Bad Debt – What You Need To Understand

For a lot of Australian adults, debt is a part of our daily lives. Whether or not you would like to advance your skills by earning a degree, purchase a house for your family, or purchase a vehicle so your family has transport, obtaining a loan is very common simply because we don't have sufficient [...]

By | 2018-07-26T01:30:50+00:00 June 22, 2018|Article, bankruptcy, blog|

Personal Finance Tips – Finance Goals For Your 20’s.

There's no question that your 20's is a very precious period of your life. There's an anxious but fulfilling sensation about becoming an adult, leaving home, and being financially independent. Regardless if you started a career, a university degree, or spent time traveling abroad and gaining life experience, your 20's is a significant decade from [...]

By | 2018-07-25T06:30:52+00:00 March 23, 2018|bankruptcy, blog|

Everything you need to know about Bankruptcy Notices

If you have acquired a bankruptcy notice or court order you must act quickly to reduce future grief. Owing anyone money known here as a creditor, could be any individual or company to whom you owe money. If you're unable to pay money to a creditor, the creditor will contact the Australian Financial Security Authority [...]

By | 2017-12-18T00:10:47+00:00 September 26, 2017|Article, bankruptcy, blog|

Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams advised that Australia is too late to avoid an 'economic apocalypse' in spite of his repetitive warnings to the political elites in Canberra. He continued to urge the Reserve Bank to raise interest rates to avoid household debt getting further out of control. This bubble is [...]

By | 2017-12-18T00:09:47+00:00 September 14, 2017|Article, bankruptcy, blog|

ATO Debts Becoming Unmanageable? Notice to all ABN holders, your ATO Debts may now cripple your credit rating. Beware of ATO Bankruptcy!

There is terrible news for company owners who have an ATO debt as of 1st July 2017. Small businesses need to be careful of ATO Bankruptcy since the ATO may expose details of your tax debts to credit reporting agencies like Dun & Bradstreet and Veda Advantage. This will make it far more complicated for [...]

By | 2017-12-18T00:09:15+00:00 September 8, 2017|Article, bankruptcy, blog|

What Remains on Your Credit Report And For How Long?

A credit report is a detailed document that shows your history with creditors and has a considerable effect on your future financial abilities. Possessing a 'good' credit report is conventional provided that you pay your bills and debt repayments on time. However, skipping a repayment on a bill or debt repayment can cause considerable complications [...]

By | 2017-12-18T00:12:32+00:00 August 6, 2017|Article, bankruptcy, blog|

What Is It Like To Go Bankrupt?

There's no question that bankruptcy isn't the best situation to be experiencing. There are some drastic financial penalties involved and it's a very complex and stressful process that will affect you financially for a couple of years to come. Finding yourself in mountains of debt can come about very rapidly, and many individuals find themselves [...]

By | 2017-12-18T00:12:15+00:00 August 6, 2017|Article, bankruptcy, blog|

Bankruptcy in Australia – What To Understand about Debt Collection

Lots of people wrestle with financial distress at some time in their lives, and the majority of these people are likely to be familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of a firm. A debt collector can either be an employee of an enterprise [...]

By | 2017-12-18T00:10:19+00:00 July 26, 2017|Article, bankruptcy, blog|