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!
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.
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
- Uncategorized
Archives
- 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