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Top 5 Tips on How to File For Bankruptcy in Australia

Many Australian's have only really thought about bankruptcy when playing a game of Monopoly with their buddies! In spite of this, there are around 13,000 individuals that declare bankruptcy yearly in Australia. It's extraordinary how easily individuals can go from being in a healthy financial position to confronting a mountain of debt. Most of the [...]

By | 2018-07-10T07:34:32+00:00 June 27th, 2018|Articles, bankruptcy, blog|0 Comments

Top 3 Causes of Personal Bankruptcy in Australia

Nobody likes to look into bankruptcy, which is easy to understand considering that bankruptcy will have an effect on your financial condition for several 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 typical misconception that bankruptcy is [...]

By | 2018-07-16T02:27:13+00:00 June 26th, 2018|Articles, 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 day-to-day lives. Whether you would like to advance your skills by obtaining a degree, purchase a property for your family, or purchase a car so your family has transportation, obtaining a loan is very common simply because we don't have sufficient money to [...]

By | 2018-07-16T02:37:22+00:00 June 22nd, 2018|Articles, bankruptcy, blog|0 Comments

Best Ways to Repair a Poor Credit Report

Whether we understand it or not, our credit report has a substantial effect on our lives. It's kind of like our health; we don't appreciate good health until we lose it. Most people don't even find out they have a bad credit report until they make an application for a personal line of credit and [...]

By | 2018-07-16T03:07:25+00:00 June 20th, 2018|Articles, bankruptcy, blog|0 Comments

Everything you must know about Bankruptcy Notices

If you have acquired a bankruptcy notice or court order you must take action rather quickly to prevent future grief. Owing someone money referred to here as a creditor, may be any person or organisation to whom you owe money. If you're not able to pay money to a creditor, the creditor will talk to [...]

By | 2017-11-15T01:38:40+00:00 September 26th, 2017|Articles, bankruptcy, blog|0 Comments

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' even after his repetitive warnings to the political elites in Canberra. He continued to insist the Reserve Bank to raise interest rates to stop household debt getting further out of hand. This bubble is [...]

By | 2017-11-15T01:39:11+00:00 September 14th, 2017|Articles, bankruptcy, blog|0 Comments

ATO Debts Becoming Uncontrollable? Warning to all ABN holders, your ATO Debts may now harm your credit rating. Beware of ATO Bankruptcy!

There is troubling news for company owners who have an ATO debt from 1 July 2017. Small businesses have to be careful of ATO Bankruptcy since the ATO may unveil details of your tax debts to credit reporting agencies such as Dun & Bradstreet and Veda Advantage. This will make it much more challenging for [...]

By | 2017-11-15T01:39:32+00:00 September 11th, 2017|Articles, bankruptcy, blog|0 Comments

What Remains on Your Credit Report And For How Long?

A credit report is a comprehensive document that details your history with creditors and has a notable effect on your future financial opportunities. Having a 'good' credit report is standard provided that you pay your bills and debt repayments on time. Having said that, overlooking a repayment on a bill or debt repayment can cause [...]

By | 2017-11-15T01:42:06+00:00 August 7th, 2017|Articles, bankruptcy, blog|0 Comments

What Is It Like To Go Bankrupt?

There's no question that bankruptcy isn't the best scenario to be confronting. There are some serious financial repercussions 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 come about very quickly, and lots of people find [...]

By | 2017-11-15T01:42:33+00:00 August 7th, 2017|Articles, bankruptcy, blog|0 Comments

Bankruptcy in Australia – What To Understand about Debt Collection

Lots of folks deal with financial hardship at some time in their lives, and most of these individuals are quite 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 company [...]

By | 2017-11-15T01:43:12+00:00 July 27th, 2017|Articles, bankruptcy, blog|0 Comments