The government has recently extended the JobKeeper program to March 2021, albeit in reduced sums. Other measures have also been extended to 31 December.
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.
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.
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 »
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.
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…
Considering bankruptcy? How much income will you have? Find out what happens to your income in bankruptcy with all your questions answered here…