The government has recently extended the JobKeeper program to March 2021, albeit in reduced sums. Other measures have also been extended to 31 December.
Success Story: Settling a Mortgage Shortfall Debt with a Mortgage Insurer
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: Avoid Bankruptcy By Settling Personal Guarantee Debts
What should you do if you provided a personal guarantee and your business is struggling? One of the things you can do is to negotiate a settlement.
Going Bankrupt: What are the effects of Bankruptcy?
The effects of bankruptcy are serious and generally can’t be cancelled if you change your mind. You should get advice before you go bankrupt including on what assets can be sold in bankruptcy and other effects of bankruptcy. We can help you consider your options, so give us a call to discuss your circumstances. In… Read more »
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?
6 things NOT to do if you can’t pay your debts
Can’t pay your debts or facing bankruptcy? Don’t panic – avoid making these 6 big mistakes that can make debt stress worse for you and your business…
What happens to your income during bankruptcy?
Considering bankruptcy? How much income will you have? Find out what happens to your income in bankruptcy with all your questions answered here…
Want to keep your Property in bankruptcy?
If you are facing bankruptcy or are bankrupt already, keeping your home is possibly your greatest concern. See how we have helped others in this situation!
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