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What will extend your Bankruptcy Term?

When it concerns Filing For Bankruptcy, generally there is lots of complication because it is definitely an area that you really do need to get some firm advice in because otherwise you may find yourself in an even more severe situation. That I why here at Bankruptcy Advice Australia we really want to make sure people realize that there are certain things that can actually make your Bankruptcy term be prolonged from 3 years to 5 (or even 8) years! Yes,

Filing for Bankruptcy – Choices.

When it comes to Filing for Bankruptcy in Australia, there are a lot of choices that we get given depending upon who we are, who we speak to, and what exactly has gone wrong. One of the most common confusion I see with Filing for Bankruptcy is when it comes to choosing between Debt Consolidation, Personal Insolvency Agreements, and Bankruptcy itself. Should I consolidate my debts? When it comes to Filing for Bankruptcy in Australia, a lot of the info you receive

How travel can get you in trouble.

One thing that most people don’t understand when they look at Bankruptcy is that it can actually prevent you from taking a trip overseas. This is one thing that many people overlook, and it can actually get you in a lot of trouble. If you are dealing with Bankruptcy then traveling is probably one of your lower concerns – but it is nevertheless important to learn about. However if you are at the moment more concerned about assets, your house, your

Insolvency Advice

One thing that most people don’t understand when they look at Insolvency Advice is that it can actually prevent you from taking a trip overseas. This is one thing that many people overlook, and it can actually get you in a lot of trouble. If you are dealing with Bankruptcy then traveling is probably one of your lower concerns– but it is nevertheless important to learn about. However if you are at the moment more concerned about assets, your house, your

How travel can get you in trouble.

One thing that most people don’t understand when they look at Filing for Bankruptcy is that it can actually prevent you from taking a trip overseas. This is one thing that many people overlook, and it can actually get you in a lot of trouble. If you are dealing with Bankruptcy then traveling is probably one of your lower concerns – but it is nevertheless important to learn about. However if you are at the moment more concerned about assets, your

Insolvency Advice Problems!

When it concerns Insolvency Advice, generally there is lots of complication because it is definitely an area that you really do need to get some firm advice in because otherwise you may find yourself in an even more severe situation. That I why here at Bankruptcy Advice Australia we really want to make sure people realize that there are certain things that can actually make your Bankruptcy term be prolonged from 3 years to 5 (or even 8) years! Yes, this

Before you Declare Bankruptcy

If you are overwhelmed by debt and you are taking a look at Insolvency Advice, there are 4 effects you must consider first. Credit Rating When it comes to Insolvency Advice in Australia, the process will commonly last for 3 years in most cases and for that 3 years your credit file will be marked with a ‘bankruptcy’ on it, this basically means you will not be able to borrow money. By the end of your 3 years you will be a

lose house, Bankruptcy Advice

Declaring Bankruptcy in Australia – Will I lose my house if I go bankrupt?

Declaring Bankruptcy in Australia is a difficult to understand process, but I know from meeting with thousands facing the likelihood of bankruptcy over the years, that pretty much nothing concerns people more than the thought of losing the family home. Almost everyone is emotionally connected to their home – it’s where the kids have grown up, it’s where you appreciate life on a day to day basis. Will you lose your home if you go bankrupt? The response is a resounding

Bankruptcy in Australia – does it matter if it is voluntary?

When it comes to Bankruptcy in Australia, commonly people aren’t aware that there can be both voluntary, and involuntary bankruptcy – both have distinct methods and policies. Involuntary bankruptcy occurs when someone you owe money to applies to the court to declare you bankrupt. Commonly when you get one of these notices, you have 21 days to pay all the debt. If you do not, then the creditor returns to the court and asks the court to provide a sequestration order

Bankruptcy in Australia – Will my income be changed if I go bankrupt?

Bankruptcy in Australia is a complicated process, and you ought to ensure you get the right suggestions. And when it comes to your income being affected, the answer to the question is maybe. The first thing you need to know about going bankrupt is there is no limit on how much you can earn. However, I will point out that your income is a serious consideration when working through when it comes to Bankruptcy. The very first thing you need to