Category Archives: blog

Everything you need to know about Bankruptcy Notices

Posted by:Charles Bosse

If you have acquired a bankruptcy notice or court order you must take action quickly to minimise future suffering. Owing someone else money referred to here as a creditor, can be any person or company to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will speak with the…

Australia’s Household Debt Crisis Looms

Posted by:Charles Bosse

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

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

Posted by:Charles Bosse

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

What Stays On Your Credit Report And For How Long?

Posted by:Charles Bosse

A credit report is a comprehensive document that details your history with creditors and has a notable effect on your future financial capabilities. Having a ‘good’ credit report is normal as long as you pay your bills and debt repayments punctually. Having said that, missing a repayment on a bill or debt repayment can cause…

What Is It Like To Go Bankrupt?

Posted by:Charles Bosse

There’s no doubt that bankruptcy isn’t the most desirable situation to be dealing with. There are some drastic financial consequences involved and it’s a very challenging and stressful process that will affect you financially for a couple of years to come. Finding yourself in mountains of debt can happen very quickly, and many individuals find…

Bankruptcy in Australia – What To Know About Debt Collection

Posted by:Charles Bosse

  A log of folks encounter financial troubles at some time in their lives, and most of these people are very 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…

4 Types Of People Who Have Money Problems

Posted by:Charles Bosse

When it concerns money, a person’s personality plays an important 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 particular types of personalities that are more likely to have money concerns than others. It’s difficult to adjust your…

What Is Debt Consolidation?

Posted by:Charles Bosse

We’ve all seen the multitude of debt consolidation advertising campaigns on television. There is a great deal of competition in the debt consolidation industry because unfortunately, many people are struggling financially and these businesses provide much needed financial relief. Mortgages, car loans, credit cards; people can get loans from a broad range of lenders for…

What Happens After You Declare Bankruptcy

Posted by:Charles Bosse

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

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

Posted by:Charles Bosse

Going through financial hardship is a pretty stressful situation and unfortunately, millions of people across the world find themselves in this situation each year. People in this situation have numerous options to recover from their financial woes, and bankruptcy should be considered as a last resort when all other alternatives have been exhausted. You’ve most…

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