When a property is sold and there is a mortgage shortfall, the bank claims on the insurance policy and the insurer then chases the borrower for the mortgage shortfall debt.
Success Story: Negotiating A Payment Arrangement With The ATO
Throughout the years, we have assisted a number of individuals that were audited by the ATO, resulting in large tax debts including GIC and penalties. Read our success story
Success Story: Negotiate debt settlement to avoid bankruptcy
We were recently referred a client who was being pursued for a debt by Timbercorp Finance Pty Ltd (‘Timbercorp’). The debt totalled over $130,000 including interest, which was continuing to accrue.
What assets can you keep in bankruptcy?
If you become bankrupt, your bankruptcy trustee will be able to sell some of your assets. But there are various assets which are protected and which your trustee cannot sell. So, what assets can and can’t be sold?
Formal insolvency options to deal with your personal debt? What’s best for you.
We are aware of the pressures faced by individuals in financial distress. We can assist you in understanding the options available to deal with your debt.
Own a rental property worth less than the mortgage? 3 Steps to avoid bankruptcy…
With investment property values falling – sometimes below the mortgage value – take these 3 steps to avoid the bankruptcy & find a better outcome…
Considering the benefits of a debt agreement? We take a closer look here.
Considering a debt agreement? Go in with your eyes wide open: find out what the main benefits are but also understand some of the red flags to look out for…
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