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Top 5 Tips on How to Declare Bankruptcy in Australia

Many Australian's have only honestly contemplated bankruptcy when playing a game of Monopoly with their mates! Despite this, there are somewhere around 13,000 individuals that file for bankruptcy each year in Australia. It's astounding how quickly people can go from experiencing a healthy financial position to grappling a mountain of debt. Generally, unfortunate events like [...]

By | 2018-07-10T07:08:11+00:00 June 27th, 2018|article, bankruptcy, blog|0 Comments

Top 3 Causes of Personal Bankruptcy in Australia

Nobody wants to look into bankruptcy, which is easy to understand given that bankruptcy will bear upon your financial condition for several years to come. This may be one of the reasons why people don't seek financial assistance in times of need, because they are under the common misunderstanding that bankruptcy is the only way [...]

By | 2018-07-16T02:25:14+00:00 June 25th, 2018|article, bankruptcy, blog|0 Comments

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

For the majority of Australian adults, debt is a part of our day-to-day lives. Regardless if you would like to advance your skills by obtaining a degree, invest in a property for your family, or buy a vehicle so your family has transport, getting a loan is very common simply because we don't have enough [...]

By | 2018-07-16T02:35:02+00:00 June 22nd, 2018|article, bankruptcy, blog|0 Comments

Best Ways to Improve a Poor Credit Report

Regardless if we acknowledge it or not, our credit report has a notable impact on our lives. It's kind of like our health; we don't treasure good health until we lose it. Lots of people don't even find out they have a poor credit report until they make an application for a personal line of [...]

By | 2018-07-16T03:04:26+00:00 June 20th, 2018|article, bankruptcy, blog|0 Comments

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