Even though bankruptcy has many financial repercussions, it certainly does not signify the end of the world. Many individuals file for bankruptcy for different reasons, and this amount only grows with the difficult economic conditions that we witness today. According to data from the Australian Financial Security Authority (AFSA), there were 7,466 incidents of bankruptcy […] Read More

Lots of bills? Too much debt? Not nearly enough money? Many people struggle financially at some point in their lives. Unexpected incidents such as hospitalisation, job loss, and even divorce, can greatly reshape your financial situation. But, when there is no other way to effectively cope with your debts, some folks are forced to file […] Read More

Personal bankruptcy is never the best situation to be in, however many individuals find relief in confronting their financial problems and starting over. Nobody is perfect, and people make mistakes. But too many individuals put off filing for bankruptcy for far too long. They prefer to ignore the elephant in the room and spend many […] Read More

Everyone goes through challenging times in their life. Losing a job, severe illness, and unplanned pregnancies are just a few of these. A leading reason why these events are so traumatic is because financial troubles are usually accompanied with them. In most cases, financial difficulties are the leading cause of divorce, and on the contrary, […] Read More

For many people, Christmas is considered the most joyful time of year for both young and old. Most of us are thrilled to wind up the year of work or school and enjoy some quality time with family and friends. They don’t call it the silly season for nothing either. Eating and spending a bit […] Read More

Any time people worry about Bankruptcy, they fret about how it will affect their day-to-day lives, and whether they will be able to keep their house, vehicle, tools, and other essential belongings. One of the ways that we can estimate this out is by using the insolvency means test. It is something that we take […] Read More

If you are drowned by debt and you are investigating at Bankruptcy, there are normally 3 effects you should look at before anything else. Income Loss For the 3 years you are generally bankrupt you might be needed to contribute some of your income back toward your debt despite being bankrupt. (see table below). This […] Read More

The most significant concern numerous people have with Bankruptcy is without a doubt ‘Can I manage to keep my home?’ and it might be complicated, but occasionally it is possible. The only good reason where you will be required to sell your family home when you declare bankruptcy is if you have equity in the […] Read More

My objective today is to try and alert you regarding likely problems you may have with Bankruptcy to ensure that you can avoid making errors! When it involves Bankruptcy, there is lots of complication and false information as a result of how tricky it can be, and how emotionally charged a lot of people are […] Read More

Among the biggest questions we get whenever it comes to Bankruptcy is if you will lose your business if you declare bankruptcy. The short answer is no, you are unlikely to lose your small business unless you want to. When it relates to Bankruptcy, if you are a manager of a company any shape or […] Read More