Everything you will want to know about Bankruptcy Notices

If you have received a bankruptcy notice or court order you must act quickly to avoid future suffering. Owing someone else money referred to here as a creditor, can be any individual or organisation to whom you owe money. If you're unfit to pay money to a creditor, the creditor will consult with the Australian [...]

By | 2017-11-15T02:43:36+00:00 September 27th, 2017|Bankrupt, 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' even after his recurrent warnings to the political elites in Canberra. He proceeded to insist the Reserve Bank to raise interest rates to stop household debt getting further out of hand. This bubble is [...]

By | 2017-11-15T02:48:14+00:00 September 14th, 2017|Bankrupt, blog|0 Comments

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

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

By | 2017-11-15T02:48:38+00:00 September 11th, 2017|Bankrupt, blog|0 Comments

What Stays On Your Credit Report And For How Long?

A credit report is a specific document that details your history with creditors and has a notable effect on your future financial abilities. Having a 'good' credit report is normal so long as you pay your bills and debt repayments in a timely manner. Having said that, missing a repayment on a bill or debt [...]

By | 2017-11-15T02:49:16+00:00 August 7th, 2017|Bankrupt, blog|0 Comments

What Is It Like To Go Bankrupt?

There's no question that bankruptcy isn't the most desirable scenario to be experiencing. There are some major financial penalties involved and it's a very demanding and stressful process that will affect you financially for a couple of years to come. Finding yourself in mountains of debt can come about very rapidly, and lots of individuals [...]

By | 2017-11-15T02:50:02+00:00 August 7th, 2017|Bankrupt, blog|0 Comments

Bankruptcy in Australia – What To Understand about Debt Collection

A lot of people face financial troubles at some time in their lives, and the majority of these folks are likely to be familiar with debt collectors. A debt collector is an individual whose job is to collect debts on behalf of a company. A debt collector can either be an employee of a business [...]

By | 2017-11-15T02:50:33+00:00 July 27th, 2017|Bankrupt, blog|0 Comments

Four Types Of People Who Have Money Problems

When it comes down to money, a person's personality plays a significant 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 various personality types that are more likely to have money complications than others. It's hard to change your [...]

By | 2017-11-15T02:51:01+00:00 July 18th, 2017|Bankrupt, blog|0 Comments

What Is Debt Consolidation?

Most of us have seen the myriad of debt consolidation advertising campaigns on TV. There is plenty of competition in the debt consolidation market because unfortunately, many individuals are struggling financially and these companies provide much needed financial relief. Home loans, car loans, credit cards; individuals can obtain loans from a vast variety of lenders [...]

By | 2017-11-15T02:51:25+00:00 June 21st, 2017|Bankrupt, blog|0 Comments

What Happens After You Declare Bankruptcy

Bankruptcy is not a decision that should be taken lightly. There are some serious financial implications involved and your financial freedom will be constrained for several years to come. This doesn't indicate that declaring bankruptcy is the end of the world though. It should really be regarded as the first step in securing a bright [...]

By | 2017-11-15T02:51:52+00:00 June 19th, 2017|Bankrupt, blog|0 Comments

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

Going through financial hardship is a very stressful situation and unfortunately, millions of people across the world find themselves in this position every day. People in this predicament have numerous options to recover from their financial woes, and bankruptcy should be regarded as a last resort when all other alternatives have been exhausted. You've quite [...]

By | 2017-11-15T02:52:19+00:00 June 14th, 2017|Bankrupt, blog|0 Comments