Bankruptcy Blog Category | Bankruptcy Experts - Get the right Bankruptcy and Liquidation Advice

Claiming Bankruptcy Pros and Cons Australia in 2020

bankruptcyexperts — Mon, 12 Oct 2020 05:38:58 +0000

So how much will actually be removed? What financial obligations will I still be left with? Is Bankruptcy really going to assist me get a fresh start? When it relates to bankruptcy pros and cons in Australia I frequently have individuals either stressed that their debt won’t be cleared away, or will have no idea that bankruptcy does not really address every little thing. So before you get too caught up with bankruptcy pros and […]

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Temporary Changes to Australian Bankruptcy Laws due to COVID-19 Coronavirus.

bankruptcyexperts — Thu, 26 Mar 2020 05:36:29 +0000

What you DON’T want to do before you go bankrupt in 2020

bankruptcyexperts — Wed, 05 Feb 2020 06:49:50 +0000

Lots of bills? Too much debt? Not enough money? Lots of people struggle financially at some point in their lives. Unexpected events such as hospitalisation, losing a job, and even divorce, can seriously transform your financial condition. Yet, when there is no other way to adequately cope with your debts, some folks are forced to file for bankruptcy. Going bankrupt is never simple. It’s complicated, demanding, and emotional. Consequently, lots of people dig themselves a […]

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Bankruptcy and Centrelink Debts

bankruptcyexperts — Mon, 27 May 2019 01:56:43 +0000

What happens to my Centrelink debts if I go bankrupt? As a general rule we have always told our potential clients not to count on having your Centrelink debt written off when you declare bankruptcy, however it seems more and more this is not the case. In most cases it has been our experience that Centrelink will not pursue you for your Centrelink debts*(which is also outlined on the Centrelink website – see link below) […]

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What You Need to Know About Debt Agreements

bankruptcyexperts — Fri, 14 Sep 2018 06:06:09 +0000

A large number of Australians go through financial challenges during their lifetime, and this is largely regarded as a normal fluctuation in our finances. But what if you’re unable to address these issues yourself, but at the same time, you don’t want to declare bankruptcy? Debt consolidation loans are a common solution that relieves people of financial pressure by consolidating all their current debts into one easy to manage loan that’s payable monthly. On […]

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Tips on How to Address Your Financial Troubles

bankruptcyexperts — Fri, 14 Sep 2018 06:02:39 +0000

There’s no doubt that financial issues can cause a lot of stress and anxiety in our lives. Continuously fretting about how you’re going to pay your bills not only makes you apprehensive, but also puts stress on your relationships, your family, and your health. The fact is, stressing over money isn’t going to cure your financial issues. If you’ve found yourself in a situation where you’re struggling to make ends meet, here are the best […]

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Effective Ways to Save Money on Your Electricity Bill this Winter

bankruptcyexperts — Fri, 14 Sep 2018 05:56:11 +0000

Personally, I find there’s nothing worse than being cold. Originating from Queensland, I’m used to the hot weather and it doesn’t worry me much, but the cold hits me like a tonne of bricks! Like many of you, my electricity bill soars during the winter months and there’s a number of reasons for this. Not only are we using heating products to keep us warm and toasty, but the nights are longer so naturally we […]

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Bankruptcy and Child Support – Everything You Need to Know

bankruptcyexperts — Fri, 14 Sep 2018 05:53:51 +0000

Filing for bankruptcy certainly isn’t the end of the world, but it does have significant repercussions that will impair your finances in the future. I’ve discovered that most of the time, focusing efforts on creating a bright future is the best way for individuals to handle their bankruptcy and consecutive recovery. To do this, however, individuals must be aware of exactly what bankruptcy entails so they can effectively budget, plan, and rebuild their wealth in […]

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Top 5 Tips on How to File For Bankruptcy in Australia

bankruptcyexperts — Wed, 27 Jun 2018 04:52:12 +0000

The majority of Australian’s have only honestly thought about bankruptcy when playing a game of Monopoly with their friends! Despite this, there are close to 13,000 individuals that file for bankruptcy every year in Australia. It’s uncanny how rapidly people can go from enjoying a healthy financial position to dealing with a mountain of debt. In many cases, events such as loss of work, divorce, or unexpected medical expenditures will spark serious financial complications within […]

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Top 3 Reasons For Personal Bankruptcy in Australia

bankruptcyexperts — Mon, 25 Jun 2018 05:51:30 +0000

Nobody likes to think about bankruptcy, which is understandable considering that bankruptcy will influence your financial condition for years to follow. This may be one of the reasons why people don’t seek financial help in times of need, because they are under the popular misunderstanding that bankruptcy is the only way to settle their financial dilemmas. Sadly, this isn’t the case as there are many opportunities available to those experiencing financial difficulties. What most people […]

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