Bankruptcy Experts Blog

Questions about Bankruptcy Law changes are becoming are increasing dramatically at this very difficult time. So what changes have actually occurred recently to the Bankruptcy Laws. It seems there is an enormous amount of misinformation out there so in an attempt to clarify things we have put this notice together. As the COVID-19/Coronavirus continues to impact individuals and businesses it’s important to know what temporary measures the government has put in place for people considering

There is a question we get asked all the time here at Bankruptcy Experts. Yes, there are debt recovery time limits, with some strings attached. With each month that passes, it becomes harder for the creditor to recoup the debt. In fact figures from a recent study state that a debt overdue by just one month has a 93.8% chance of being paid, but this percentage drops to 74% after 3 months and down to

Lots of bills? Too much debt? Not enough money? Lots of people struggle financially at some point in their lives. Unexpected events such as hospitalisation, losing a job, and even divorce, can seriously transform your financial condition. Yet, when there is no other way to adequately cope with your debts, some folks are forced to file for bankruptcy. Going bankrupt is never simple. It’s complicated, demanding, and emotional. Consequently, lots of people dig themselves a

What happens to my Centrelink debts if I go bankrupt? As a general rule we have always told our potential clients not to count on having your Centrelink debt written off when you declare bankruptcy, however it seems more and more this is not the case. In most cases it has been our experience that Centrelink will not pursue you for your Centrelink debts*(which is also outlined on the Centrelink website – see link below)

A large number of Australians go through financial challenges during their lifetime, and this is largely regarded as a normal fluctuation in our finances. But what if you’re unable to address these issues yourself, but at the same time, you don’t want to declare bankruptcy?   Debt consolidation loans are a common solution that relieves people of financial pressure by consolidating all their current debts into one easy to manage loan that’s payable monthly. On

There’s no doubt that financial issues can cause a lot of stress and anxiety in our lives. Continuously fretting about how you’re going to pay your bills not only makes you apprehensive, but also puts stress on your relationships, your family, and your health. The fact is, stressing over money isn’t going to cure your financial issues. If you’ve found yourself in a situation where you’re struggling to make ends meet, here are the best