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Everything you will want to know about Bankruptcy Notices

If you have been given a bankruptcy notice or court order you must act rather quickly to prevent future distress. Owing anyone money known here as a creditor, can be any person or business to whom you owe money. If you're unfit to pay money to a creditor, the creditor will approach the Australian Financial [...]

By | 2017-11-24T02:04:13+00:00 October 2nd, 2017|Bankrupt, Liquidation|0 Comments

Australia’s Household Debt Crisis Looms

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

By | 2017-10-10T06:34:51+00:00 September 18th, 2017|Bankrupt, Liquidation|0 Comments

ATO Debts Getting Out of Hand? Caution to all ABN holders, your ATO Debts may now tarnish your credit rating. Beware of ATO Bankruptcy!

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

By | 2017-10-10T06:34:51+00:00 September 12th, 2017|Bankrupt, Liquidation|0 Comments

What Remains on Your Credit Report And For How Long?

A credit report is a comprehensive document that contains your history with creditors and has a notable effect on your future financial abilities. Having a 'good' credit report is typical provided that you pay your bills and debt repayments in a timely manner. Having said that, skipping a repayment on a bill or debt repayment [...]

By | 2017-10-10T06:34:51+00:00 August 17th, 2017|Bankrupt, Liquidation|0 Comments

What Is It Like To Go Bankrupt?

There's no doubt that bankruptcy isn't the most desirable scenario to be facing. There are some unpleasant financial implications involved and it's a very elaborate and stressful process that will affect you financially for a couple of years to come. Ending up in mountains of debt can come about very quickly, and many individuals find [...]

By | 2017-10-10T06:34:51+00:00 August 17th, 2017|Bankrupt, Liquidation|0 Comments

Bankruptcy in Australia – What To Understand about Debt Collection

Lots of folks struggle with financial challenges at some point in their lives, and the majority of these folks are probably familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of a firm. A debt collector can either be an employee of an organisation you owe [...]

By | 2017-11-24T02:05:52+00:00 July 27th, 2017|Bankrupt, Liquidation|0 Comments

4 Types Of People Who Have Money Issues

When it involves money, a person's personality represents a meaningful role in their financial decision-making. Everyone is unique, and that's what makes us human, so it really shouldn't come as a surprise that there are some types of personalities that are more likely to have money troubles than others. It's difficult to adjust your personality [...]

By | 2017-10-10T06:34:51+00:00 July 24th, 2017|Bankrupt, Liquidation|0 Comments

What Is Debt Consolidation?

Most of us have seen the myriad of debt consolidation advertisements on TV. There is a considerable amount of competition in the debt consolidation industry because sadly, many people are struggling financially and these businesses provide much needed financial relief. Mortgages, car loans, credit cards; individuals can acquire loans from a huge variety of lenders [...]

By | 2017-10-10T06:34:51+00:00 June 22nd, 2017|Bankrupt, Liquidation|0 Comments

What Happens After You File For Bankruptcy

Bankruptcy is not a decision that should be taken lightly. There are some unpleasant financial repercussions involved and your financial freedom will be restricted for many years to come. This doesn't indicate that filing for bankruptcy is the end of the world though. It should actually be regarded as the first step in securing a [...]

By | 2017-10-10T06:34:51+00:00 June 20th, 2017|Bankrupt, Liquidation|0 Comments

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

Going through financial hardship is a pretty stressful situation and sadly, millions of individuals around the world end up in this position each day. People in this situation have numerous options to recover from their financial distress, and bankruptcy should be considered as a last resort when all other alternatives have been exhausted. You've quite [...]

By | 2017-10-10T06:34:51+00:00 June 15th, 2017|Bankrupt, Liquidation|0 Comments