The Federal Government has warned the public of potential dodgy insolvency advisers. These unregistered and unregulated advisers target vulnerable people who are in financial distress.
Insolvency Appointments Declined Significantly Despite COVID-19
The Australian Securities and Investments Commission and the Australian Financial Security Authority recently released the statistics for insolvency appointments across Australia.
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.
Charging clauses in guarantees
Often when a business owner signs a credit application for their business, they don’t know that they are signing a personal guarantee let alone a guarantee, which has a charging clause. However, the risks and impacts of guarantees with charging clauses can be significant.
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?
What are the main causes of personal insolvencies?
Do you know what the main causes of personal insolvency are? Let’s look at the data to better identify risk factors in your finances.
What do you do when your property drops in value?
Did you buy property in a mining town, only to see its value plummet in recent years? Cactus Consulting can help you deal with this.
How to deal with confusion between you and a trustee during personal insolvency
Miscommunication between creditors and a trustee can often lead you down a difficult path. Here is what to do, and how Cactus Consulting makes it easy.
Who is most at risk of personal insolvency in Australia?
Personal insolvency issues strike a lot of Australians every year – but who is most at risk? We crunch the numbers to find out.
Categories
- ATO Debts
- Bankruptcy Assistance
- Business
- Business insolvency
- Business Solutions
- Corporate finance insights and updates
- Corporate liquidation
- Debt Agreements
- Debt management
- Financial Dispute Resolution
- Financial Dispute Resolution
- Informal Arrangement
- Informal Arrangements / ATO Payment Arrangements
- Liquidation
- Money management and bankruptcy
- Personal Debt Solutions
- Personal Debts
- Personal finance insights and updates
- Personal Insolvency Agreements
- Pre-Insolvency Advice
- Turnaround and Restructuring
- Uncategorized
- Voluntary Administration and Deed of Company Arrangement
Archives
- April 2021
- March 2021
- February 2021
- December 2020
- November 2020
- October 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- November 2019
- October 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- December 2016
- November 2016
- October 2016
- August 2016
- June 2016
- May 2016
- July 2015