Everything you need to know about Bankruptcy Notices

Posted by:Charles Bosse

If you have acquired a bankruptcy notice or court order you must respond right away to minimise future distress. Owing somebody money known here as a creditor, can be any individual or organisation to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will speak to the Australian Financial…

Australia’s Household Debt Crisis Looms

Posted by:Charles Bosse

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

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

Posted by:Charles Bosse

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

What Remains on Your Credit Report And For How Long?

Posted by:Charles Bosse

  A credit report is an in-depth document that records your history with creditors and has a substantial effect on your future financial abilities. Possessing a ‘good’ credit report is common provided that you pay your bills and debt repayments on schedule. However, skipping a repayment on a bill or debt repayment can cause substantial…

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