Bankruptcy Joodalup Blog

  • Everything you will need to know about Bankruptcy Notices

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    If you have obtained a bankruptcy notice or court order you must respond right away to minimise future grief. Owing somebody money regarded here as a creditor, can be any individual or company to whom you owe money. If you’re unable to pay money to a creditor, the creditor will connect with the Australian Financial…
  • Australia’s Household Debt Crisis Looms

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    Today in the news, former economics advisor John Adams suggested that Australia is too late to stop an ‘economic apocalypse’ regardless of his repeated warnings to the political elites in Canberra. He went on to request the Reserve Bank to raise interest rates to avoid household debt getting further out of hand. This bubble is…
  • ATO Debts Getting Out of Control? Notice to all ABN holders, your ATO Debts may now tarnish your credit rating. Beware of ATO Bankruptcy!

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    There is troubling 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 divulge details of your tax debts to credit reporting agencies such as Veda Advantage and Dun & Bradstreet. This will make it much more complicated for…
  • What Stays On Your Credit Report And For How Long?

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    A credit report is a specific document that specifies your history with creditors and has a major effect on your future financial abilities. Possessing a ‘good’ credit report is basic so long as you pay your bills and debt repayments in a timely manner. Having said that, skipping a repayment on a bill or debt…
  • What Is It Like To Go Bankrupt?

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    There’s no question that bankruptcy isn’t the ideal scenario to be facing. There are some major financial implications involved and it’s a very exhausting and stressful process that will affect you financially for several years to come. Ending up in mountains of debt can happen in the blink of an eye, and lots of people…
  • Bankruptcy in Australia – What To Understand about Debt Collection

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    A lot of individuals struggle with financial challenges at some time in their lives, and most of these people are quite likely to be familiar with debt collectors. A debt collector is an individual whose job is to collect debts on behalf of an enterprise. A debt collector can either be an employee of an…
  • Four Types Of People Who Have Money Issues

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    When it relates to money, a person’s personality represents an important role in their financial decision-making. Everyone is unique, and that’s what makes us human, so it really shouldn’t come as a revelation that there are particular types of personalities that are more likely to have money issues than others. It’s hard to adjust your…
  • What Is Debt Consolidation?

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    Nearly all of us have seen the plethora of debt consolidation ads on TV. There is a huge amount of competition in the debt consolidation market because sadly, many people are struggling financially and these businesses provide much needed financial relief. Mortgages, car loans, credit cards; individuals can attain loans from a vast range of…
  • What Happens After You Declare Bankruptcy

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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    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 many years to come. This doesn’t imply that declaring bankruptcy is the end of the world though. It should really be regarded as the first step in securing a bright…
  • Is Bankruptcy My Best Option? How To Know If Bankruptcy Is Right For You

    Bankruptcy Joondalup, Bankrupt Joondalup,Insolvency Joondalup
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      Going through financial hardship is a very stressful situation and sadly, millions of individuals across the world end up in this position every year. Individuals in this situation have numerous options to recover from their financial problems, and bankruptcy should be thought of as a last resort when all other alternatives have been exhausted….

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