Everything you must know about Bankruptcy Notices

If you have been given a bankruptcy notice or court order you must respond right away to avoid future grief. Owing anybody money referred to here as a creditor, could be any person or organisation to whom you owe money. If you're unfit to pay money to a creditor, the creditor will talk to the [...]

By | 2018-07-26T00:09:38+00:00 September 26th, 2017|article, bankruptcy, blog|0 Comments

Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams suggested that Australia is too late to avoid an 'economic apocalypse' regardless of his recurrent warnings to the political elites in Canberra. He continued to implore the Reserve Bank to raise interest rates to prevent household debt getting further out of hand. This bubble is very [...]

By | 2018-07-26T00:07:36+00:00 September 14th, 2017|article, bankruptcy, blog|0 Comments

ATO Debts Getting Out of Hand? Warning to all ABN holders, your ATO Debts may now damage your credit rating. Beware of ATO Bankruptcy!

  There is upsetting news for company owners who have an ATO debt as of 1 July 2017. Small businesses will want to be careful of ATO Bankruptcy since the ATO may reveal information of your tax debts to credit reporting agencies such as Dun & Bradstreet and Veda Advantage. This will make it a [...]

By | 2018-07-26T00:07:14+00:00 September 10th, 2017|article, bankruptcy, blog|0 Comments

What Stays On Your Credit Report And For How Long?

A credit report is a detailed document that specifies your history with creditors and has a notable effect on your future financial capabilities. Possessing a 'good' credit report is common so long as you pay your bills and debt repayments on time. However, missing a repayment on a bill or debt repayment can cause considerable [...]

By | 2018-07-26T00:06:55+00:00 August 7th, 2017|article, bankruptcy, blog|0 Comments

What Is It Like To Go Bankrupt?

There's no question that bankruptcy isn't a desirable situation to be confronting. There are some severe financial penalties involved and it's a very exhausting and stressful process that will affect you financially for a couple of years to come. Finding yourself in mountains of debt can materialise in a heartbeat, and lots of individuals find [...]

By | 2018-07-26T00:06:18+00:00 August 7th, 2017|article, bankruptcy, blog|0 Comments

Bankruptcy in Australia – What To Know About Debt Collection

Many people encounter financial troubles at some time in their lives, and most of these people are very likely to be familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of an organisation. A debt collector can either be an employee of a business you owe [...]

By | 2018-07-26T00:05:54+00:00 July 26th, 2017|article, bankruptcy, blog|0 Comments

Four Types Of People Who Have Money Problems

  When it concerns money, a person's personality serves an important role in their financial decision-making. Each person is unique, and that's what makes us human, so it really shouldn't come as a revelation that there are some personality types that are more likely to have money troubles than others. It's tough to modify your [...]

By | 2018-07-26T00:05:23+00:00 July 18th, 2017|article, bankruptcy, blog|0 Comments

What Is Debt Consolidation?

We've all seen the multitude of debt consolidation ads on television. There is a huge amount of competition in the debt consolidation market because unfortunately, lots of individuals are struggling financially and these companies provide much needed financial relief. Home loans, car loans, credit cards; individuals can acquire loans from a large range of lenders [...]

By | 2018-07-26T01:14:54+00:00 June 21st, 2017|article, bankruptcy, blog|0 Comments

What Happens After You Declare Bankruptcy

Bankruptcy is not a decision that should be taken lightly. There are some unpleasant financial repercussions involved and your financial freedom will be restrained for many years to come. This doesn't suggest that filing for bankruptcy is the end of the world though. It should really be thought of as the first step in securing [...]

By | 2018-07-26T01:19:53+00:00 June 18th, 2017|article, bankruptcy, blog|0 Comments

Is Bankruptcy My Best Alternative? How To Know If Bankruptcy Is Right For You

  Going through financial hardship is a really stressful situation and sadly, millions of individuals across the globe find themselves in this position every day. People in this situation have various options to recover from their financial distress, and bankruptcy should be thought of as a last resort when all other options have been exhausted. [...]

By | 2018-07-26T01:20:16+00:00 June 14th, 2017|article, bankruptcy, blog|0 Comments