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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 rather quickly to minimise future distress. Owing someone money known here as a creditor, can be any person or company to whom you owe money. If you're unable to pay money to a creditor, the creditor will get in touch with the [...]

By | 2018-03-08T05:59:30+00:00 October 2nd, 2017|Bankrupt, Blog|0 Comments

Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams said that Australia is too late to prevent an 'economic apocalypse' even after his recurrent warnings to the political elites in Canberra. He went on to request the Reserve Bank to raise interest rates to stop household debt getting further out of hand. This bubble is [...]

By | 2018-03-08T05:56:42+00:00 September 18th, 2017|Bankrupt, Blog|0 Comments

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

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

By | 2018-03-08T06:03:03+00:00 September 12th, 2017|Bankrupt, Blog|0 Comments

What Stays On Your Credit Report And For How Long?

A credit report is an in-depth document that lists your history with creditors and has a major effect on your future financial opportunities. Possessing a 'good' credit report is regular as long as you pay your bills and debt repayments punctually. On the other hand, skipping a repayment on a bill or debt repayment can [...]

By | 2018-03-08T06:04:34+00:00 August 10th, 2017|Bankrupt, Blog|0 Comments

What Is It Like To Go Bankrupt?

There's no doubt that bankruptcy isn't a desirable situation to be grappling with. There are some serious financial consequences involved and it's a very problematic and stressful process that will affect you financially for several years to come. Ending up in mountains of debt can transpire in the blink of an eye, and many people [...]

By | 2018-03-08T06:04:30+00:00 August 10th, 2017|Bankrupt, Blog|0 Comments

Bankruptcy in Australia – What To Understand about Debt Collection

A lot of people deal with financial challenges at some point in their lives, and the majority of these individuals are 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 [...]

By | 2018-03-08T06:03:29+00:00 July 27th, 2017|Bankrupt, Blog|0 Comments

Four Types Of People Who Have Money Issues

When it comes to money, a person's personality serves a considerable role in their financial decision-making. Every person is unique, and that's what makes us human, so it really shouldn't come as a revelation that there are various types of personalities that are more likely to have money complications than others. It's tough to modify [...]

By | 2018-03-08T05:53:06+00:00 July 24th, 2017|Bankrupt, Blog|0 Comments

What Is Debt Consolidation?

Most of us have seen the multitude of debt consolidation advertising campaigns on TV. There is plenty of competition in the debt consolidation market because sadly, lots of people are struggling financially and these companies provide much needed financial relief. Mortgages, car loans, credit cards; individuals can obtain loans from a broad range of lenders [...]

By | 2018-03-08T05:55:28+00:00 June 22nd, 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 limited for years to come. This doesn't imply that filing for bankruptcy is the end of the world though. It should actually be considered as the first step in securing a bright [...]

By | 2018-03-08T06:04:37+00:00 June 20th, 2017|Bankrupt, Blog|0 Comments

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

  Experiencing financial hardship is a particularly stressful situation and unfortunately, millions of individuals around the world find themselves in this situation each day. Individuals in this situation have numerous options to recover from their financial troubles, and bankruptcy should be thought of as a last resort when all other options have been exhausted. You've [...]

By | 2018-03-08T06:03:29+00:00 June 14th, 2017|Bankrupt, Blog|0 Comments