Top 5 Tips on How to File For Bankruptcy in Australia

Most Australian's have only truly considered bankruptcy when playing a game of Monopoly with their mates! In spite of this, there are about 13,000 individuals that declare bankruptcy each year in Australia. It's uncanny how quickly individuals can go from being in a healthy financial position to dealing with a mountain of debt. Usually, unfortunate [...]

By | 2018-07-10T06:47:55+00:00 June 27th, 2018|Bankruptcy, blog|0 Comments

Top 3 Causes of Personal Bankruptcy in Australia

No one likes to contemplate bankruptcy, which is understandable considering that bankruptcy will disturb your financial situation for several years to come. This may be one of the reasons why people don't look for financial help in times of need, because they are under the typical misunderstanding that bankruptcy is the only way to fix [...]

By | 2018-07-16T02:25:06+00:00 June 25th, 2018|Bankruptcy, blog|0 Comments

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

For the majority of Australian adults, debt is a part of our everyday lives. Whether you want to enhance your skills by earning a degree, purchase a home for your family, or buy a vehicle so your family has transportation, taking out a loan is very common simply because we don't have enough money to [...]

By | 2018-07-16T02:34:52+00:00 June 22nd, 2018|Bankruptcy, blog|0 Comments

Best Ways to Repair a Bad Credit Report

Regardless if we realise it or not, our credit report has a considerable impact on our lives. It's kind of like our health; we don't appreciate good health until we lose it. Many individuals don't even find out they have a poor credit report until they apply for a personal line of credit and it's [...]

By | 2018-07-16T03:03:51+00:00 June 22nd, 2018|Bankruptcy, blog|0 Comments

Everything you will want to know about Bankruptcy Notices

If you have been given a bankruptcy notice or court order you must take action right away to avoid future distress. Owing anyone money known here as a creditor, may be any individual or business to whom you owe money. If you're unable to pay money to a creditor, the creditor will approach the Australian [...]

By | 2018-07-25T23:31:20+00:00 September 26th, 2017|Bankruptcy, blog|0 Comments

Australia’s Household Debt Crisis Looms

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

By | 2018-07-25T23:30:54+00:00 September 14th, 2017|Bankruptcy, blog|0 Comments

ATO Debts Getting Out of Control?

There is grim news for business 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 publish details of your tax debts to credit reporting agencies such as Veda Advantage and Dun & Bradstreet. This will make it much more [...]

By | 2018-07-09T03:00:01+00:00 September 10th, 2017|Bankruptcy, blog|0 Comments

What Stays On Your Credit Report And For How Long?

A credit report is an in-depth document that records your history with creditors and has a substantial effect on your future financial opportunities. Possessing a 'good' credit report is common as long as you pay your bills and debt repayments on time. On the other hand, overlooking a repayment on a bill or debt repayment [...]

By | 2018-07-25T23:30:23+00:00 August 7th, 2017|Bankruptcy, blog|0 Comments

What Is It Like To Go Bankrupt?

There's no doubt that bankruptcy isn't the ideal scenario to be experiencing. There are some severe financial consequences involved and it's a very problematic and stressful process that will affect you financially for several years to come. Finding yourself in mountains of debt can come about faster than you think, and lots of people find [...]

By | 2018-07-25T23:29:58+00:00 August 7th, 2017|Bankruptcy, blog|0 Comments

Bankruptcy in Australia – What To Know About Debt Collection

A log of folks face financial troubles at some point in their lives, and the majority of these individuals 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 enterprise. A debt collector can either be an employee of a [...]

By | 2018-07-25T23:29:37+00:00 July 26th, 2017|Bankruptcy, blog|0 Comments