May 24, 2017Comments Closed

Bankruptcy & Superannuation 3 Critical Questions

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For a lot of Australians superannuation can be an individual’s greatest asset, the notion of losing it when filing for bankruptcy is a very genuine concern for the majority of our clients. With certain parts of the economy doing fairly well and other aspects experiencing tough economic times, bankruptcy numbers in Australia still continue to…

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April 25, 2017Comments Closed

What Happens When You Declare Bankruptcy and Buying A Home

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  Whilst bankruptcy has lots of financial repercussions, it certainly doesn’t suggest the end of the world. Many people file for bankruptcy for a number of reasons, and this amount only grows with the harsh economic conditions that we experience today. According to data from the Australian Financial Security Authority (AFSA), there were 7,466 episodes…

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March 31, 2017Comments Closed

Top Things You Should NOT Do Prior to Going Bankrupt

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Too many bills? Too much debt? Not enough money? Most individuals struggle financially at some point in their lives. Unexpected incidents such as hospitalisation, losing a job, or even divorce, can significantly alter your financial circumstances. But, when there is no other way to properly manage your debts, some folks are forced to file for…

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March 27, 2017Comments Closed

Signs You May Want To Consider Bankruptcy

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Personal bankruptcy is never the preferred situation to be in, however many people find relief in dealing with their financial difficulties and starting over. Nobody is perfect, and people make mistakes. But a lot of people put off filing for bankruptcy for far too long. They prefer to ignore the elephant in the room and…

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March 24, 2017Comments Closed

Bankruptcy Advice – Filing For Bankruptcy and Divorce

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Everybody goes through challenging times in their life. Loss of employment, major illness, and unplanned pregnancies are just a couple of these. A leading reason why these incidents are so stressful is because financial difficulties are often accompanied with them. In many cases, financial challenges are the leading cause of divorce, and likewise, divorce can…

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March 22, 2017Comments Closed

5 Tips For Repaying Your Christmas Debt

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For the majority of people, Christmas is viewed as the most joyful time of year for both young and old. Most of us are delighted to finish 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…

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January 10, 2017Comments Closed

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

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Any time people stress over Bankruptcy, they fret about just how it will impact their day-to-day lives, and whether they will be able to keep their house, vehicle, tools, and other essential possessions. One of the ways that we can figure this out is by using the insolvency means test. It is something that we…

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January 4, 2017Comments Closed

The top 3 concerns anyone is likely to have with Bankruptcy in Mount Isa.

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If you are swamped by debt and you are investigating at Bankruptcy, there are undoubtedly 3 consequences you need to look at first. Income Loss For the 3 years you are actually bankrupt you might have to chip in some of your income back toward your debt despite being bankrupt. (see table below). This is…

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December 28, 2016Comments Closed

Losing your home: Just how much do you know of Bankruptcy in Mount Isa?

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Easily the most considerable concern many have with Bankruptcy is without a doubt ‘Will I manage to keep my house?’ and it may be complicated, but occasionally it is achievable. The only reason where you will be required to sell your family home when you declare bankruptcy is if you have equity in the home…

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December 20, 2016Comments Closed

Bankruptcy Problems? Did you know that your Bankruptcy duration could be prolonged?

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My goal today is to try and alert you regarding possible troubles you may have with Bankruptcy so that you can stay away from making errors! When it involves Bankruptcy, there is a great deal of complication and misinformation as a result of how challenging it may be, and how emotionally charged persons are whenever…

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