What Happens When You Declare Bankruptcy and Buying A Home

While bankruptcy has a lot of financial repercussions, it surely does not signify the end of the world. Many people file for bankruptcy for many reasons, and this amount only escalates with the tough economic conditions that we experience today. According to data from the Australian Financial Security Authority (AFSA), there were 7,466 cases of […]

Top Things You Should NOT Do Prior to Going Bankrupt

Too many bills? Too much debt? Not enough money? Lots of people struggle financially at some point in their lives. Unanticipated incidents like hospitalisation, losing a job, and also divorce, can drastically transform your financial condition. But, when there’s no other way to properly cope with your debts, some individuals are forced to file for […]

5 Tips For Paying Off Your Christmas Debt

  For many people, Christmas is viewed as the most joyful time of year for both young and old. Most of us are excited to wrap up the year of work or school and spend some quality time with family and friends. They don’t refer to it as the silly season for nothing either. Eating […]

The top 3 concerns you are likely to have with Bankruptcy in Australia.

If you are swamped by debt and you are checking out at Bankruptcy, there are normally 3 effects you need to look at to begin with.   Income Loss   For the 3 years you are generally bankrupt you may have to contribute some of your income back toward your debt despite being bankrupt. (see […]

What can I keep when I’m Bankrupt– The bankruptcy means test.

Any time people stress over Bankruptcy, they fret about just how it will affect their day-to-day lives, and whether they will be able to retain their house, vehicle, tools, and other important possessions.   Among the ways that we can work out this out is by utilizing the insolvency means test. It is something that […]

Bankruptcy in Australia – Concerned about what will happen to your business?

Among the biggest concerns we get whenever it comes to Bankruptcy is if you will lose your business if you declare bankruptcy. The short answer is no, you are unlikely to lose your small business except if you want to. When it comes to Bankruptcy, if you are a manager of a company any shape […]

Bankruptcy in Australia – Who do I speak to?

Would I speak with my accountant about Bankruptcy? The response seems clear doesn’t it: if anybody understands your financial situation well in Australia, It’s going to be your accountant. However, the short answer is a definite No! It’s not that your accountant may not have your best interests in mind whenever it concerns Bankruptcy, it’s […]

Bankruptcy in Australia – What happens to my income?

Money is always a worry with Bankruptcy, so I would like to talk you through a few of the points to consider around income and Insolvency Bankruptcy in Australia is always going to be complex and troublesome, specifically because it involves money and people’s livelihoods. A lot of people always ask us how bankruptcy will […]

Bankruptcy in Australia – Which Path will you take?

There are always going to be selections and conclusions in life, and Bankruptcy is no different! You definitely should ensure you know as much as possible about Bankruptcy in Australia. So when it boils down to Bankruptcy in Australia, there are plenty of options that we can have depending upon who we are, who we […]

Bankruptcy in Australia – What Debts are removed by Bankruptcy?

So what amount will really be cleared away? What financial obligations will I still be left with? Is Bankruptcy actually going to help me get a fresh start? When it relates to Bankruptcy in Australia I frequently have people either worried that their financial obligations won’t be taken away, or will have no idea that […]