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What Happens When You Declare Bankruptcy and Purchasing A Home

By | 2020-08-17T01:18:59+00:00 April 25th, 2017|bankrupt, blog|

  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 [...]

Top Things You Should NOT Do Prior to Going Bankrupt

By | 2020-08-17T01:18:59+00:00 March 29th, 2017|bankrupt, blog|

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 [...]

Signs You May Want To Consider Bankruptcy

By | 2020-08-17T01:18:59+00:00 March 27th, 2017|bankrupt, blog|

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 [...]

Bankruptcy Advice – Filing For Bankruptcy and Divorce

By | 2020-08-17T01:18:59+00:00 March 23rd, 2017|bankrupt, blog|

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 [...]

5 Tips For Paying Off Your Christmas Debt

By | 2020-08-17T01:18:59+00:00 March 21st, 2017|bankrupt, blog|

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 [...]

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

By | 2020-08-17T01:18:59+00:00 January 9th, 2017|bankrupt, blog|

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 [...]

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

By | 2020-08-17T01:18:59+00:00 January 3rd, 2017|bankrupt, blog|

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 [...]

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

By | 2020-08-17T01:18:59+00:00 December 27th, 2016|bankrupt, blog|

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 [...]

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

By | 2020-08-17T01:18:59+00:00 December 20th, 2016|bankrupt, blog|

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 [...]

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

By | 2020-08-17T01:20:01+00:00 December 8th, 2016|bankrupt, blog|

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 [...]