bankruptcy | Cactus Consulting

How To Solve Your Personal Debt Problems

09 Apr 2021

Due to the Covid-19 pandemic, a large number of people have debts they cannot pay. So, what are your options to solve your personal debt problems?

Success Story – Settlement of Guarantee Debt and Release of Caveat

15 Mar 2021

We were referred a client to help him settle a guarantee debt owed to a financier, which totalled just over $30,000. The guarantee our client had signed with the financier contained a charging clause and the financier had used this provision to lodge a caveat over our client’s property.

Federal Government Warns of Dodgy Insolvency Advisers

25 Feb 2021

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.

Extension of Insolvency Relief Measures

30 Oct 2020

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

19 Aug 2020

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

20 Jul 2020

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?

30 May 2020

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

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.

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?

Posts Tagged: bankruptcy