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Bankruptcy Means Test
| September 26, 2017 | Comments Closed |
Everything you should know about Bankruptcy Notices
If you have acquired a bankruptcy notice or court order you must act rather quickly to reduce future distress. Owing someone money known here as a creditor, could be any individual or business to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will speak to the Australian Financial…
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| September 13, 2017 | Comments Closed |
Australia’s Household Debt Crisis Looms
Today in the news, former economics advisor John Adams advised that Australia is too late to prevent an ‘economic apocalypse’ in spite of his repetitive warnings to the political elites in Canberra. He continued to insist the Reserve Bank to raise interest rates to avoid household debt getting further out of hand. This bubble is…
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| September 7, 2017 | Comments Closed |
ATO Debts Getting Out of Hand? Warning to all ABN holders, your ATO Debts may now cripple your credit rating. Beware of ATO Bankruptcy!
There is unfavourable news for company owners who have an ATO debt from 1st July 2017. Small businesses have to be careful of ATO Bankruptcy since the ATO may publish details of your tax debts to credit reporting agencies like Dun & Bradstreet and Veda Advantage. This will make it a lot more challenging for…
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| September 6, 2017 | Comments Closed |
What Stays On Your Credit Report And For How Long?
A credit report is a specific document that specifies your history with creditors and has a notable effect on your future financial opportunities. Possessing a ‘good’ credit report is basic as long as you pay your bills and debt repayments punctually. On the other hand, skipping a repayment on a bill or debt repayment can…
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| September 6, 2017 | Comments Closed |
What Is It Like To Go Bankrupt?
There’s no doubt that bankruptcy isn’t the ideal scenario to be facing. There are some harsh financial repercussions involved and it’s a very complicated and stressful process that will affect you financially for a couple of years to come. Finding yourself in mountains of debt can materialise in the blink of an eye, and many…
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| September 6, 2017 | Comments Closed |
Bankruptcy in Australia – What To Know About Debt Collection
Lots of people wrestle with financial problems at some point in their lives, and the majority of these folks are very likely to be 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 an…
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| September 6, 2017 | Comments Closed |
4 Types Of People Who Have Money Issues
When it concerns money, a person’s personality plays a major role in their financial decision-making. Everybody is unique, and that’s what makes us human, so it really shouldn’t come as a surprise that there are various personality types that are more likely to have money complications than others. It’s difficult to change your personality traits,…
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| September 6, 2017 | Comments Closed |
What Is Debt Consolidation?
We’ve all seen the myriad of debt consolidation advertisements on television. There is a lot of competition in the debt consolidation industry because sadly, lots of individuals are struggling financially and these companies provide much needed financial relief. Home loans, car loans, credit cards; individuals can attain loans from a huge range of lenders for…
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| September 6, 2017 | Comments Closed |
What Happens After You Declare Bankruptcy
Bankruptcy is not a decision that should be taken lightly. There are some severe financial consequences involved and your financial freedom will be confined for several years to come. This doesn’t indicate that filing for bankruptcy is the end of the world though. It should really be considered as the first step in securing a…
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| August 30, 2017 | Comments Closed |
Is Bankruptcy My Best Alternative? How To Know If Bankruptcy Is Right For You
Experiencing financial hardship is a particularly stressful situation and unfortunately, millions of people throughout the world end up in this position each day. People in this predicament have numerous options to recover from their financial burdens, and bankruptcy should be regarded as a last resort when all other alternatives have been exhausted. You’ve quite possibly…
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