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Top 5 Tips on How to File For Bankruptcy in Australia

The majority of Australian’s have only honestly thought about bankruptcy when playing a game of Monopoly with their buddies! In spite of this, there are an estimated 13,000 people that file for bankruptcy every year in Australia. It’s uncanny how rapidly people can go from enjoying a healthy financial position to dealing with a mountain of debt. Commonly, events such as loss of employment, divorce, or unanticipated medical expenses will result in serious financial issues within just a couple of

Top 3 Causes of Personal Bankruptcy in Australia

No one wants to contemplate bankruptcy, which is understandable considering that bankruptcy will affect your financial circumstance for several years to come. This may be one of the reasons why a lot of people don’t look for financial support in times of need, because they are under the common misunderstanding that bankruptcy is the only way to deal with their financial problems. Unfortunately, this isn’t the case as there are many solutions available to those experiencing financial difficulties. What lots

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

For almost all Australian adults, debt is a part of our day-to-day lives. Regardless of whether you intend to advance your skills by earning a degree, buy 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 to pay for these expenditures upfront. It seems that most people gets a loan at one point or another, so what’s the problem? The issue is

Best Ways to Improve a Poor Credit Report

Regardless if we acknowledge it or not, our credit report has a meaningful effect on our lives. It’s sort of like our health; we don’t appreciate good health until we lose it. Lots of people don’t even learn that they have a bad credit report until they make an application for a line of credit and it’s rejected. It can come as quite a shock to some, simply because even one overlooked payment that is reported by your lender can

Bankruptcy Notices, Bankruptcy Advice

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

debt crisis, Bankruptcy Advice

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-bankruptcy, bankruptcy advice

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

Debt Collection, Bankruptcy Advice

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

Money Issues, Bankruptcy Advice

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

debt consolidation, Bankruptcy Advice

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