Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams advised that Australia is too late to avoid an 'economic apocalypse' in spite of his repeated warnings to the political elites in Canberra. He proceeded to request the Reserve Bank to raise interest rates to avoid household debt getting further out of hand. This bubble is [...]

By | 2018-07-26T04:47:06+00:00 September 14th, 2017|Bankrupt, Blog|0 Comments

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

There is unfortunate news for business owners who have an ATO debt from 1st July 2017. Small businesses will need to be careful of ATO Bankruptcy since the ATO may reveal information of your tax debts to credit reporting agencies such as Dun & Bradstreet and Veda Advantage. This will make it a lot more [...]

By | 2018-07-26T04:45:50+00:00 September 11th, 2017|Bankrupt, Blog|0 Comments

What Remains on Your Credit Report And For How Long?

A credit report is an in-depth document that lists your history with creditors and has a considerable effect on your future financial abilities. Possessing a 'good' credit report is regular so long as you pay your bills and debt repayments on schedule. However, overlooking a repayment on a bill or debt repayment can cause considerable [...]

By | 2018-07-26T04:43:10+00:00 August 7th, 2017|Bankrupt, Blog|0 Comments

What Is It Like To Go Bankrupt?

There's no question that bankruptcy isn't a desirable scenario to be dealing with. There are some harsh financial penalties involved and it's a very exhausting and stressful process that will affect you financially for years to come. Ending up in mountains of debt can develop in a heartbeat, and many people end up in this [...]

By | 2018-07-26T04:40:57+00:00 August 7th, 2017|Bankrupt, Blog|0 Comments

Bankruptcy in Australia – What To Know About Debt Collection

Many people struggle with financial distress at some point in their lives, and the majority of these individuals are probably familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of a company. A debt collector can either be an employee of a firm you owe money [...]

By | 2018-07-26T04:40:20+00:00 July 27th, 2017|Bankrupt, Blog|0 Comments

4 Types Of People Who Have Money Issues

When it relates to money, a person's personality serves a significant 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 specific types of personalities that are more likely to have money issues than others. It's hard to adjust [...]

By | 2018-07-26T04:38:21+00:00 July 18th, 2017|Bankrupt, Blog|0 Comments

What Is Debt Consolidation?

Most of us have seen the myriad of debt consolidation advertisements on TV. There is a lot of competition in the debt consolidation market because sadly, many individuals are struggling financially and these companies provide much needed financial relief. Home loans, car loans, credit cards; individuals can obtain loans from a large range of lenders [...]

By | 2018-07-26T04:37:43+00:00 June 21st, 2017|Bankrupt, Blog|0 Comments

What Happens After You Declare Bankruptcy

Bankruptcy is not a decision that should be taken lightly. There are some heavy financial repercussions involved and your financial freedom will be restricted for several years to come. This doesn't suggest that declaring bankruptcy is the end of the world though. It should actually be considered as the first step in securing a bright [...]

By | 2018-07-26T05:08:53+00:00 June 19th, 2017|Bankrupt, Blog|0 Comments

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

Going through financial hardship is a very stressful situation and unfortunately, millions of individuals across the globe end up in this position every year. Individuals in this situation have quite a few options to recover from their financial problems, and bankruptcy should be thought of as a last resort when all other options have been [...]

By | 2018-06-29T01:37:48+00:00 June 14th, 2017|Bankrupt, Blog|0 Comments

How you can Save Money On Your Groceries

Providing food for your family is essential and the costs of doing this can vary extensively depending on your mood, finances, and whether or not you're hungry when you visit the grocery store! But the truth is that food is a significant expense for most families, and seeking out ways to save at the grocery [...]

By | 2018-07-26T05:08:24+00:00 June 8th, 2017|Bankrupt, Blog|0 Comments