Bankruptcy Experts Blog
4 Money Saving Tips This Christmas
Christmas can be a wonderful time of year. Spending quality time with your extended family and friends, enjoying holidays, offering presents to loved ones, and certainly the grand Christmas lunch! It's undeniably a time for giving, and with this comes expenses. It's...
Effective ways to Rebuild Your Credit Rating After Bankruptcy?
Congratulations! You've successfully served your three year period of bankruptcy and have been discharged, so what now? You've undoubtedly taken the most appropriate actions to deal with your financial challenges by filing for bankruptcy, and all your debts are well...
New Year’s Resolution – Improving your Financial Health
The New Year is obviously an excellent time to reflect on the previous year and make some resolutions to improve ourselves. Many people's resolutions focus on being healthier, enhancing their career, or improving their financial circumstances. Now all of us know how...
Leading Ways To Save Money And Enhance Your Life
In today times, saving money is a desire that everybody wishes to accomplish, but typically it can be a difficult task for many families. Rental payments, bills, food, and everyday essentials add up rapidly, leaving most families with little to no savings. Being able...
Proposed Changes to the Bankruptcy Act – Term Reduced from 3 Years to 1 Year.
The Bill is to reduce the period of bankruptcy from three years to one year was introduced into Federal Parliament on 19th October 2017. The key features of the Bill are as follows: From 3 Years to 1 Year - The time a bankrupt will remain bankrupt will be reduced...
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...
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...
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....
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...