All of us experience periods in life where money is tight. Luckily for us, there are a number of expenses that we can easily eliminate, for example cable TV, gym memberships, and eating out at restaurants. Despite this, there are other expenditures that we simply can't avoid. Debt repayments, rent and school fees are just [...]
Congratulations! You've successfully fulfilled your 3 year period of bankruptcy and have been discharged, so now what? You've clearly taken the right steps to address your financial dilemmas by declaring bankruptcy, and all your debts are well behind you now. However, there's still a good deal of work involved to get your finances back in [...]
These days, saving money is a goal that everybody hopes to achieve, however typically it can be a complex task for lots of individuals. Rental payments, bills, groceries, and everyday essentials build up quickly, leaving most families with little to no savings. Being able to save money and enhance your life seems to be a [...]
The New Year is undoubtedly an optimal time to reflect on the previous year and make some resolutions to improve ourselves. Lots of people's resolutions concentrate on becoming healthier, improving their career, or improving their finances. Now most of us recognise how difficult it can be to keep our New Year's resolutions, so it is [...]
Christmas can be a wonderful time of year. Spending quality time with family, going on holidays, giving gifts to loved ones, and of course the famed Christmas meal! It's indeed a time for giving, and with this comes costs. It's very easy to overdo it with getaways, presents, and enticing foods; to let your hair [...]
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 [...]
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 very [...]
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 [...]
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 [...]
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 [...]
