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Everything you will need to know about Bankruptcy Notices

If you have been given a bankruptcy notice or court order you must respond quickly to prevent future suffering. Owing somebody money known here as a creditor, may be any person or business to whom you owe money. If you're unfit to pay money to a creditor, the creditor will reach out to the Australian [...]

By | 2017-10-01T23:49:26+00:00 October 1st, 2017|bankrupt, blog|0 Comments

Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams indicated that Australia is too late to avoid an 'economic apocalypse' despite his repeated warnings to the political elites in Canberra. He went on to advise the Reserve Bank to raise interest rates to stop household debt getting further out of control.   This bubble is [...]

By | 2017-09-28T06:19:14+00:00 September 17th, 2017|bankrupt, blog|0 Comments

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

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

By | 2017-09-12T01:55:14+00:00 September 12th, 2017|bankrupt, blog|0 Comments

What Stays On Your Credit Report And For How Long?

A credit report is a detailed document that records your history with creditors and has a notable effect on your future financial opportunities. Having a 'good' credit report is typical provided that you pay your bills and debt repayments punctually. On the other hand, overlooking a repayment on a bill or debt repayment can cause [...]

By | 2017-08-09T05:44:28+00:00 August 9th, 2017|bankrupt, blog|0 Comments

What Is It Like To Go Bankrupt?

There's no doubt that bankruptcy isn't the ideal scenario to be confronting. There are some major financial implications involved and it's a very exhausting and stressful process that will affect you financially for several years to come. Ending up in mountains of debt can transpire in the blink of an eye, and lots of individuals [...]

By | 2017-08-09T05:37:09+00:00 August 9th, 2017|bankrupt, blog|0 Comments

Bankruptcy in Australia – What To Know About Debt Collection

Many individuals deal with financial challenges at some point in their lives, and most of these folks are probably familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of a business. A debt collector can either be an employee of a company you owe money to, [...]

By | 2017-07-27T03:30:55+00:00 July 27th, 2017|bankrupt, blog|0 Comments

Four Types Of People Who Have Money Issues

  When it involves money, a person's personality represents an important role in their financial decision-making. Every person is unique, and that's what makes us human, so it really shouldn't come as a shock that there are specific types of personalities that are more likely to have money problems than others. It's tough to modify [...]

By | 2017-07-24T05:25:43+00:00 July 24th, 2017|bankrupt, blog|0 Comments

What Is Debt Consolidation?

All of us have seen the myriad of debt consolidation advertisements on television. There is a great deal of competition in the debt consolidation market because sadly, lots of individuals are struggling financially and these companies provide much needed financial relief. Mortgages, car loans, credit cards; people can obtain loans from a vast range of [...]

By | 2017-06-22T03:19:52+00:00 June 22nd, 2017|bankrupt, blog|0 Comments

What Happens After You Declare Bankruptcy

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

By | 2017-06-20T01:44:05+00:00 June 20th, 2017|bankrupt, blog|0 Comments

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

Going through financial hardship is a very stressful situation and unfortunately, millions of people across the globe end up in this position every day. Individuals in this predicament have quite a few options to recover from their financial burdens, and bankruptcy should be thought of as a last resort when all other alternatives have been [...]

By | 2017-06-14T07:22:22+00:00 June 14th, 2017|bankrupt, blog|0 Comments