How you can Recover After Declaring Bankruptcy

  There's no doubt that are some serious financial repercussions in declaring bankruptcy, and there's no question that your life will encounter some substantial changes. If you're in this position, don't be alarmed. The tough economic times experienced today means that an increasing number of people are filing for bankruptcy. Actually, there are as much [...]

By | 2018-07-06T04:47:23+00:00 May 24th, 2017|Bankruptcy, Liquidation|0 Comments

Bankruptcy & Superannuation 3 Critical Questions

  For many Australians superannuation can be an individual's biggest asset, the idea of losing it when declaring bankruptcy is a very authentic concern for many of our clients. With certain components of the economy doing fairly well and other areas undergoing difficult economic times, bankruptcy numbers in Australia still continue to increase. Economists don't [...]

By | 2018-07-06T04:47:35+00:00 May 18th, 2017|Bankruptcy, Liquidation|0 Comments

What Happens When You Declare Bankruptcy and Purchasing A Home

  Even though bankruptcy has lots of financial impacts, it certainly does not mean the end of the world. Many people file for bankruptcy for different reasons, and this figure only increases with the tough economic conditions that we see today. According to data from the Australian Financial Security Authority (AFSA), there were 7,466 cases [...]

By | 2018-07-06T04:47:48+00:00 April 21st, 2017|Bankruptcy, Liquidation|0 Comments

Top Things You Should NOT Do Prior to Going Bankrupt

Too many bills? Too much debt? Not enough money? Most individuals struggle financially at some point in their lives. Uncontrolled events like hospitalisation, losing a job, and also divorce, can severely transform your financial condition. But, when there's no other way to suitably cope with your debts, some folks are forced to file for bankruptcy. [...]

By | 2018-07-06T04:47:57+00:00 March 30th, 2017|Bankruptcy, Liquidation|0 Comments

Signs You May Want To Consider Bankruptcy

Personal bankruptcy is never the preferred position to be in, however lots of individuals find relief in confronting their financial problems and starting afresh. No one is perfect, and people make mistakes. But a lot of men and women avoid filing for bankruptcy for far too long. They choose to ignore the elephant in the [...]

By | 2018-07-06T04:48:14+00:00 March 27th, 2017|Bankruptcy, Liquidation|0 Comments

Bankruptcy Advice – Filing For Bankruptcy and Divorce

Everyone goes through challenging times in their life. Losing a job, serious illness, and unexpected pregnancies are just a handful of these. A leading reason why these incidents are so stressful is because financial problems are typically accompanied with them. In many cases, financial challenges are the leading cause of divorce, and conversely, divorce can [...]

By | 2018-07-06T04:49:21+00:00 March 24th, 2017|Bankruptcy, Liquidation|0 Comments

5 Tips For Repaying Your Christmas Debt

For many people, Christmas is viewed as the most splendid time of year for both young and old. Most of us are excited to finalise 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 a bit [...]

By | 2018-07-06T04:49:39+00:00 March 21st, 2017|Bankruptcy, Liquidation|0 Comments

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

Any time people worry about Bankruptcy, they fret about just how it will impact their day-to-day lives, and if they will be able to retain their house, car, tools, and other important belongings. One of the ways that we can figure this out is by using the insolvency means test. It is something which we [...]

By | 2018-07-06T04:49:50+00:00 January 9th, 2017|Bankruptcy, Liquidation|0 Comments

The top 3 priorities you are likely to have with Bankruptcy in Frankston.

If you are staggered by debt and you are investigating at Bankruptcy, there are definitely 3 effects you have to look at to begin with. Income Loss For the 3 years you are bankrupt you may be needed to contribute some of your income back toward your debt despite being bankrupt. (see table below). This [...]

By | 2018-07-06T04:50:02+00:00 January 3rd, 2017|Bankruptcy, Liquidation|0 Comments

Losing your home: How much do you know of Bankruptcy in Frankston?

Easily the most considerable worry many have with Bankruptcy is without a doubt 'Can I manage to keep my house?' and it can be complicated, but occasionally it is possible. The only justification where you will be required to sell your family residence when you declare insolvency is if you have equity in the home [...]

By | 2018-07-06T04:51:34+00:00 December 28th, 2016|Bankruptcy, Liquidation|0 Comments