If you have been given a bankruptcy notice or court order you must act promptly to reduce future pain. Owing anyone money known here as a creditor, could be any individual or business to whom you owe money. If you're unfit to pay money to a creditor, the creditor will contact the Australian Financial [...]
Today in the news, former economics advisor John Adams proposed that Australia is too late to avoid an 'economic apocalypse' regardless of his repeated warnings to the political elites in Canberra. He went on to request the Reserve Bank to raise interest rates to prevent household debt getting further out of control. This bubble [...]
There is grim news for company owners who have an ATO debt as of 1st July 2017. Small businesses must be careful of ATO Bankruptcy since the ATO may reveal information of your tax debts to credit reporting agencies like Dun & Bradstreet and Veda Advantage. This will make it much more arduous for [...]
A credit report is a comprehensive document that specifies your history with creditors and has a significant effect on your future financial abilities. Having a 'good' credit report is conventional so long as you pay your bills and debt repayments on time. However, overlooking a repayment on a bill or debt repayment can cause considerable [...]
There's no question that bankruptcy isn't the most desirable situation to be experiencing. There are some drastic financial consequences involved and it's a very challenging and stressful process that will affect you financially for several years to come. Ending up in mountains of debt can come about faster than you think, and many people end [...]
A lot of individuals wrestle with financial distress at some time in their lives, and the majority of these folks are likely to be 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 a [...]
When it relates to money, a person's personality takes on a meaningful 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 shock that there are various types of personalities that are more likely to have money problems than others. It's tough to [...]
Nearly all of us have seen the multitude of debt consolidation advertising campaigns on television. There is plenty of competition in the debt consolidation market because unfortunately, lots of individuals are struggling financially and these companies provide much needed financial relief. Mortgages, car loans, credit cards; individuals can acquire loans from a wide variety [...]
Bankruptcy is not a decision that should be taken lightly. There are some harsh financial repercussions involved and your financial freedom will be restricted for many years to come. This doesn't mean that declaring bankruptcy is the end of the world though. It should really be regarded as the first step in securing a bright [...]
Experiencing financial hardship is a very stressful situation and sadly, millions of people throughout the world end up in this position every year. People in this scenario have quite a few options to recover from their financial woes, and bankruptcy should be thought of as a last resort when all other options have been [...]
