If you have obtained a bankruptcy notice or court order you must act right away to minimise future suffering. Owing anybody money known here as a creditor, could be any person or organisation to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will call the Australian Financial Security…

Today in the news, former economics advisor John Adams said that Australia is too late to avoid an ‘economic apocalypse’ even after his repetitive warnings to the political elites in Canberra. He continued to advise the Reserve Bank to raise interest rates to stop household debt getting further out of hand.   This bubble is…

There is troubling news for business owners who have an ATO debt as of 1st July 2017. Small businesses need to be careful of ATO Bankruptcy since the ATO may disclose details of your tax debts to credit reporting agencies like Veda Advantage and Dun & Bradstreet. This will make it a lot more complicated…

A credit report is a specific document that records your history with creditors and has a major effect on your future financial abilities. Having a ‘good’ credit report is conventional as long as you pay your bills and debt repayments punctually. On the other hand, overlooking a repayment on a bill or debt repayment can…

There’s no doubt that bankruptcy isn’t the most desirable situation to be facing. There are some serious financial implications involved and it’s a very difficult and stressful process that will affect you financially for years to come. Finding yourself in mountains of debt can develop in the blink of an eye, and lots of people…

Many individuals deal with financial difficulties at some point in their lives, and the majority of these people are quite likely to be familiar with debt collectors. A debt collector is an individual whose job is to collect debts on behalf of an organisation. A debt collector can either be an employee of an enterprise…

When it involves money, a person’s personality serves 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 surprise that there are certain types of personalities that are more likely to have money troubles than others. It’s hard to reshape your…

All of us have seen the plethora of debt consolidation advertisements on TV. There is a considerable amount 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; people can acquire loans from a vast variety of…

Bankruptcy is not a decision that should be taken lightly. There are some severe financial consequences involved and your financial freedom will be limited for years to come. This doesn’t indicate that declaring bankruptcy is the end of the world though. It should actually be regarded as the first step in securing a bright financial…

Experiencing financial hardship is a considerably stressful situation and sadly, millions of people around the world find themselves in this position every day. People in this predicament have a number of 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…

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