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Bankruptcy & Superannuation 3 Critical Questions

For many Australians superannuation can be an individual's largest asset, the idea of losing it when declaring bankruptcy is a very legitimate concern for a lot of our clients. With certain areas of the economy doing fairly well and other aspects enduring tough economic times, bankruptcy numbers in Australia still continue to increase. Economists don't [...]

By | 2020-08-14T05:17:32+00:00 May 22nd, 2017|Bankrupt, Blog|0 Comments

What Happens When You Declare Bankruptcy and Purchasing A Home

While bankruptcy has various financial impacts, it certainly does not signify the end of the world. Many people file for bankruptcy for a number of reasons, and this amount only grows with the challenging economic conditions that we observe today. According to information from the Australian Financial Security Authority (AFSA), there were 7,466 incidents of [...]

By | 2020-08-14T05:17:33+00:00 April 24th, 2017|Bankrupt, Blog|0 Comments

Top Things You Should NOT Do Before Going Bankrupt

Too many bills? Too much debt? Not enough money? Most individuals struggle financially at some point in their lives. Unanticipated events like hospitalisation, job loss, and also divorce, can significantly reshape your financial situation. Yet, when there's no other way to properly handle your debts, some folks are forced to file for bankruptcy. Going bankrupt [...]

By | 2020-08-14T05:17:33+00:00 April 5th, 2017|Bankrupt, Blog|0 Comments

Signs You May Want To Consider Bankruptcy

Personal bankruptcy is never the preferred position to be in, however lots of individuals find relief in addressing their financial difficulties and starting over. No one is perfect, and people make mistakes. But a lot of men and women put off filing for bankruptcy for far too long. They choose to ignore the elephant in [...]

By | 2020-08-14T05:17:33+00:00 March 28th, 2017|Bankrupt, Blog|0 Comments

Bankruptcy Advice – Filing For Bankruptcy and Divorce

Everybody goes through challenging times in their life. Loss of employment, severe illness, and unplanned pregnancies are just a handful of these. A leading reason why these incidents are so stressful is because financial challenges are typically accompanied with them. In many cases, financial challenges are the leading cause of divorce, and on the other [...]

By | 2020-08-14T05:17:33+00:00 March 24th, 2017|Bankrupt, Blog|0 Comments

5 Tips For Repaying Your Christmas Debt

For many people, Christmas is seen as the most splendid time of year for both young and old. Most of us are inspired to finalise the year of work or school and spend some quality time with family and friends. They don't call it the silly season for nothing either. Eating and spending a bit [...]

By | 2020-08-14T05:17:33+00:00 March 22nd, 2017|Bankrupt, Blog|0 Comments

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

Any time individuals stress over Bankruptcy, they worry about just how it will affect their day-to-day lives, and whether they will be able to retain their house, car, tools, and other essential belongings. One of the ways that we can figure this out is by utilizing the insolvency means test. It is something that we [...]

By | 2020-08-14T05:17:33+00:00 January 10th, 2017|Bankrupt, Blog|0 Comments

If you are destroyed by debt and you are taking a look at Bankruptcy, there are definitely 3 repercussions you need to think about before anything else. Income Loss For the 3 years you are generally bankrupt you may have to pitch in some of your income back toward your debt despite being bankrupt. (see [...]

By | 2020-08-14T05:17:33+00:00 January 4th, 2017|Bankrupt, Blog|0 Comments

Losing your home: Just how much do you know of Bankruptcy in Tennant Creek?

The most considerable issue many have with Bankruptcy is without a doubt 'Can I manage to keep my home?' and it may be complicated, but occasionally it is possible. The only good reason where you will be required to sell your family residence when you declare insolvency is if you have equity in the home [...]

By | 2020-08-14T05:17:33+00:00 December 28th, 2016|Bankrupt, Blog|0 Comments

Bankruptcy Issues? Did you know that your Bankruptcy duration can be prolonged?

My mission today is to try and inform you regarding likely complications you could have with Bankruptcy to ensure that you can stay clear of making mistakes! When it involves Bankruptcy, there is a great deal of confusion and misinformation because of how difficult it could be, and how emotionally charged a lot of people [...]

By | 2020-08-14T05:17:33+00:00 December 20th, 2016|Bankrupt, Blog|0 Comments