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Top 5 Tips on How to File For Bankruptcy in Australia

The majority of Australian's have only seriously considered bankruptcy when playing a game of Monopoly with their friends! In spite of this, there are roughly 13,000 people that file for bankruptcy each year in Australia. It's extraordinary how quickly individuals can go from experiencing a balanced financial position to facing a mountain of debt. Usually, [...]

By | 2018-07-10T23:32:01+00:00 July 3rd, 2018|article, Bankruptcy, Blog|0 Comments

Top 3 Causes of Personal Bankruptcy in Australia

Nobody wants to look into bankruptcy, which is easy to understand considering that bankruptcy will alter your financial situation for several years to come. This may be one of the reasons why people don't look for financial guidance in times of need, because they are under the typical misconception that bankruptcy is the only way [...]

By | 2018-07-16T03:15:18+00:00 June 26th, 2018|article, Bankruptcy, Blog|0 Comments

The Difference Between Good Debt and Bad Debt – What You Need To Understand

For many Australian adults, debt is a part of our everyday lives. Regardless of whether you would like to enhance your skills by earning a degree, purchase a house for your family, or purchase a vehicle so your family has transport, taking out a loan is very common simply because we don't have enough money [...]

By | 2018-07-16T03:20:18+00:00 June 24th, 2018|article, Bankruptcy, Blog|0 Comments

Best Ways to Improve a Poor Credit Report

Whether we realise it or not, our credit report has a serious effect on our lives. It's kind of like our health; we don't appreciate good health until we lose it. Lots of people don't even know they have a poor credit report until they make an application for a line of credit and it's [...]

By | 2018-07-16T03:23:28+00:00 June 20th, 2018|article, Bankruptcy, Blog|0 Comments

Weddings On A Budget – How To Save Money When Getting Married

We all have a fair understanding that weddings can be a costly exercise, but do you really know just how much the average wedding costs in Australia? A bit over $36,000, according to Australia's Money Smart website. And that was in 2012! Nowadays, it's probably somewhere around the $50,000 mark. I guess if you have [...]

By | 2018-07-26T07:05:01+00:00 April 6th, 2018|article, Bankruptcy, Blog|0 Comments

Everything you need to know about Bankruptcy Notices

  If you have been given a bankruptcy notice or court order you must act immediately to prevent future suffering. Owing anybody money referred to here as a creditor, may be any person or company to whom you owe money. If you're not able to pay money to a creditor, the creditor will reach out [...]

By | 2018-07-26T06:57:27+00:00 September 27th, 2017|article, Bankruptcy, Blog|0 Comments

Australia’s Household Debt Crisis Looms

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

By | 2018-07-26T06:56:55+00:00 September 14th, 2017|article, Bankruptcy, Blog|0 Comments

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

There is unfavourable news for business owners who have an ATO debt as of 1st July 2017. Small businesses have to be careful of ATO Bankruptcy since the ATO may impart details of your tax debts to credit reporting agencies such as Dun & Bradstreet and Veda Advantage. This will make it far more complicated [...]

By | 2018-07-26T06:56:23+00:00 September 11th, 2017|article, Bankruptcy, Blog|0 Comments

What Stays On Your Credit Report And For How Long?

A credit report is a specific document that records your history with creditors and has a considerable effect on your future financial opportunities. Having a 'good' credit report is conventional as long as you pay your bills and debt repayments on schedule. Having said that, skipping a repayment on a bill or debt repayment can [...]

By | 2018-07-26T06:55:48+00:00 August 7th, 2017|article, Bankruptcy, Blog|0 Comments

What Is It Like To Go Bankrupt?

There's no doubt that bankruptcy isn't the ideal scenario to be experiencing. There are some major financial implications involved and it's a very challenging and stressful process that will affect you financially for several years to come. Ending up in mountains of debt can come about very quickly, and many individuals end up in this [...]

By | 2018-07-26T06:55:07+00:00 August 7th, 2017|article, Bankruptcy, Blog|0 Comments