Personal finance insights and updates

Success Story: Negotiate debt settlement to avoid bankruptcy

29 Feb 2020

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

14 Feb 2020

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?

04 Feb 2020

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?

05 May 2017

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?

22 Feb 2017

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

14 Feb 2017

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.