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Everything you will need to know about Bankruptcy Notices

If you have received a bankruptcy notice or court order you must respond right away to minimise future grief. Owing anyone money referred to here as a creditor, can be any person or business to whom you owe money. If you’re unable to pay money to a creditor, the creditor will speak with the Australian Financial Security Authority (AFSA) who will consequently deliver a bankruptcy notice demanding payment of that money. As expected, there is a threshold to the total amount

Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams advised that Australia is too late to prevent an ‘economic apocalypse’ despite his continual warnings to the political elites in Canberra. He continued to urge the Reserve Bank to raise interest rates to avoid household debt getting further out of control. This bubble is very simple to express. Confidence! It’s the mistaken perception that Australia’s last 20 years of continual economic growth will never experience any kind of correction is most disconcerting.

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

There is grim news for business owners who have an ATO debt as of 1st July 2017. Small businesses must be careful of ATO Bankruptcy since the ATO may unveil information of your tax debts to credit reporting agencies such as Veda Advantage and Dun & Bradstreet. This will make it a lot more problematic for small businesses to receive credit, potentially incapacitating them. How could this bear upon you? You may be affected if you fit into one of

Bankruptcy in Australia – What To Know About Debt Collection

Lots of people wrestle with financial challenges at some point in their lives, and most of these individuals are very likely to be familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of a company. A debt collector can either be an employee of a company you owe money to, or they can be a 3rd party servicing a lender. As you can imagine, it’s not an easy task to squeeze

Four Types Of People Who Have Money Issues

When it relates to money, a person’s personality represents a notable role in their financial decision-making. Everyone is unique, and that’s what makes us human, so it really shouldn’t come as a shock that there are certain types of personalities that are more likely to have money concerns than others. It’s tough to reshape your personality traits, in particular when you’re older, so simply comprehending how your personality affects your financial decisions may help you make better financial decisions down

What Is Debt Consolidation?

All of us have seen the multitude of debt consolidation advertisements on TV. There is a huge amount of competition in the debt consolidation industry because unfortunately, lots of individuals are struggling financially and these businesses provide much needed financial relief. Mortgages, car loans, credit cards; individuals can obtain loans from a vast range of lenders for virtually anything in today times. The challenge is that all these loans are hard to manage and if you fall behind in your

What Happens After You File For Bankruptcy

Bankruptcy is not a decision that should be taken lightly. There are some major financial consequences involved and your financial freedom will be constrained for years to come. This doesn’t mean that declaring bankruptcy is the end of the world though. It should actually be considered as the first step in securing a bright financial future for you and your family. Millions of people file for bankruptcy each year and many of them have the ability to buy homes, cars

Is Bankruptcy My Best Option? How To Know If Bankruptcy Is Right For You

Experiencing financial hardship is a pretty stressful situation and sadly, millions of people across the globe find themselves in this position every year. Individuals in this predicament have quite a few options to recover from their financial woes, and bankruptcy should be thought of as a last resort when all other options have been exhausted. You’ve most likely seen some of those debt consolidating companies offer their services on TV for example. Often, it can be confusing to try to

How To Save Money On Your Groceries

Providing food for your family is necessary and the costs of doing this can fluctuate greatly based on your mood, financial situation, and whether you’re hungry when you visit the supermarket! But the truth is that food is a significant expense for a lot of families, and uncovering ways to save at the grocery store can amount to a great deal of money over time. You may even be able to take the family on a holiday with all the

Signs You May Be Having Money Problems

Everybody loves money, particularly spending it! Buying new toys or new clothes which make you feel and look good is important for your confidence and self-esteem. Yet how do you know if you’re good with money or not? Even if you get paid plenty of money doesn’t indicate you’re good with it. There are plenty of successful individuals who have serious issues with money solely because they weren’t familiar with the warning signs. In today’s world, it’s paramount to be