Bankruptcy Experts Blog

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 very easy to go overboard with getaways, gifts, and enticing foods; to let your hair down and delight in the spirit of Christmas. The bottom line is, though, that the silly season ultimately

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 behind you now. However, there’s still plenty of work involved to get your finances back on track. The greatest issue that discharged bankrupts encounter is their ability to borrow money, and the main reason for

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 tough it can be to keep our New Year’s resolutions, so it’s important that you make practical, obtainable goals that can be accomplished with a certain degree of determination and self-control. If you’ve

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 to save money and improve your life appears to be a paradox, as we frequently associate a better life with spending more money! Irrespective of this, small lifestyle adjustments can have

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 from 3 years to 1 year.  The bankrupt will be discharged at the end of the period of 1 year from the date on which

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 Security Authority (AFSA) who will consequently issue a bankruptcy notice requesting payment of that money. As to be expected, there