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What Happens When You Declare Bankruptcy and Purchasing A Home

  Although bankruptcy has various financial consequences, it certainly doesn't signify the end of the world. Lots of folks file for bankruptcy for plenty of reasons, and this figure only grows with the difficult economic conditions that we encounter today. According to statistics from the Australian Financial Security Authority (AFSA), there were 7,466 incidents of [...]

By | 2018-07-31T07:38:21+00:00 April 25th, 2017|bankrupt, blog|0 Comments

Top Things You Should NOT Do Prior to Going Bankrupt

Too many bills? Too much debt? Not nearly enough money? Most individuals struggle financially at some point in their lives. Uncontrolled situations like hospitalisation, redundancy, as well as divorce, can seriously affect your financial circumstances. Yet, when there's no other way to suitably handle your debts, some people are forced to file for bankruptcy. Going [...]

By | 2018-07-31T07:37:53+00:00 March 29th, 2017|bankrupt, blog|0 Comments

Signs You May Want To Consider Bankruptcy

Personal bankruptcy is never the preferred predicament to be in, however many individuals find relief in dealing with their financial issues and starting over. Nobody is perfect, and people make mistakes. Yet too many individuals avoid filing for bankruptcy for far too long. They choose to ignore the elephant in the room and spend several [...]

By | 2018-07-31T07:37:26+00:00 March 27th, 2017|bankrupt, blog|0 Comments

Bankruptcy Advice – Filing For Bankruptcy and Divorce

Everyone goes through difficult times in their life. Job loss, serious illness, and unexpected pregnancies are just a few of these. A leading reason why these events are so traumatic is because financial difficulties are usually accompanied with them. In many cases, financial challenges are the leading cause of divorce, and on the contrary, divorce [...]

By | 2018-07-31T07:36:21+00:00 March 23rd, 2017|bankrupt, blog|0 Comments

5 Tips For Paying Off Your Christmas Debt

For the majority of people, Christmas is viewed as the most jubilant time of year for both young and old. We all are inspired to wind up the year of work or school and devote some quality time with family and friends. They don't call it the silly season for nothing either. Eating and spending [...]

By | 2018-07-31T07:35:56+00:00 March 21st, 2017|bankrupt, blog|0 Comments

What can I keep when I’m Bankrupt – The bankruptcy means test.

Whenever individuals worry about Bankruptcy, they think about how it will impact their day-to-day lives, and if they will be able to keep their home, vehicle, tools, and other important possessions.   Among the ways that we can figure this out is by using the bankruptcy means test. It is something that we take our [...]

By | 2018-07-31T07:35:27+00:00 January 9th, 2017|bankrupt, blog|0 Comments

The top 3 concerns you are likely to have with Bankruptcy in Adelaide.

If you are overcome by debt and you are investigating at Bankruptcy, there are possibly 3 consequences you need to look at before anything else. Income Loss For the 3 years you are bankrupt you may have to pitch in some of your income back toward your debt despite being bankrupt. (see table below). This [...]

By | 2018-07-31T07:35:02+00:00 January 3rd, 2017|bankrupt, blog|0 Comments

Losing your home: How much do you know of Bankruptcy in Adelaide?

Easily the most considerable issue many have with Bankruptcy is without a doubt 'Will I manage to retain my house?' and it might be complicated, but occasionally it is achievable. The only justification where you will be obliged to sell your family house when you declare insolvency is if you have equity in the home [...]

By | 2018-07-31T07:34:16+00:00 December 27th, 2016|bankrupt, blog|0 Comments

Bankruptcy Issues? Did you know that your Bankruptcy duration may be prolonged?

My goal right now is to try and alert you regarding potential troubles you might have with Bankruptcy so that you can stay clear of making errors! When it includes Bankruptcy, there is lots of difficulty and misinformation due to how tricky it could be, and how emotionally charged persons are whenever they are experiencing [...]

By | 2018-07-31T07:33:19+00:00 December 20th, 2016|bankrupt, blog|0 Comments

Bankruptcy in Adelaide – Stressed about what will happen to your business?

Amongst the biggest questions we get whenever it comes to Bankruptcy is if you will lose your business if you declare bankruptcy. The short answer is no, you are not likely to lose your business unless you need to. When it comes to Bankruptcy, if you are a manager of a company any shape or [...]

By | 2018-07-31T07:31:44+00:00 December 8th, 2016|bankrupt, blog|0 Comments