Bankruptcy Wyong Blog

Home/Bankruptcy Wyong Blog/

Bankruptcy & Superannuation 3 Critical Questions

For many Australians superannuation can be an individual's best asset, the idea of losing it when declaring bankruptcy is a very genuine concern for many of our clients. With certain parts of the economy doing pretty well and other parts experiencing tough economic times, bankruptcy numbers in Australia still continue to increase. Economists don't speak [...]

By | 2017-11-23T00:14:59+00:00 May 24th, 2017|Bankrupt, Blog|0 Comments

What Happens When You Declare Bankruptcy and Purchasing A Home

Even though bankruptcy has lots of financial impacts, it certainly doesn't suggest the end of the world. Many individuals file for bankruptcy for numerous reasons, and this number only intensifies with the tough economic conditions that we observe today. According to statistics from the Australian Financial Security Authority (AFSA), there were 7,466 incidents of bankruptcy [...]

By | 2018-08-01T00:23:45+00:00 April 25th, 2017|Bankrupt, Blog|0 Comments

Top Things You Should NOT Do Before Going Bankrupt

Lots of bills? Too much debt? Not enough money? Many people struggle financially at some point in their lives. Unforeseen incidents such as hospitalisation, losing a job, and even divorce, can significantly alter your financial circumstances. Yet, when there's no other way to effectively handle your debts, some folks are forced to file for bankruptcy. [...]

By | 2018-08-01T00:19:21+00:00 April 5th, 2017|Bankrupt, Blog|0 Comments

Signs You May Want To Consider Bankruptcy

Personal bankruptcy is never the best predicament to be in, however lots of people find relief in confronting their financial problems and starting afresh. Nobody is perfect, and people make mistakes. Yet a lot of men and women avoid filing for bankruptcy for far too long. They prefer to ignore the elephant in the room [...]

By | 2018-08-01T00:18:27+00:00 March 28th, 2017|Bankrupt, Blog|0 Comments

Bankruptcy Advice – Filing For Bankruptcy and Divorce

Everyone passes through challenging times in their life. Job loss, severe illness, and unplanned pregnancies are just a couple of these. A leading reason why these experiences are so stressful is because financial troubles are normally accompanied with them. In most cases, financial challenges are the leading cause of divorce, and on the other hand, [...]

By | 2018-08-01T00:13:27+00:00 March 24th, 2017|Bankrupt, Blog|0 Comments

5 Tips For Repaying Your Christmas Debt

For most people, Christmas is considered the most jubilant time of year for both young and old. Most of us are excited to finalise the year of work or school and devote some quality time with family and friends. They don't refer to it as the silly season for nothing either. Eating and spending too [...]

By | 2018-08-01T00:10:13+00:00 March 22nd, 2017|Bankrupt, Blog|0 Comments

What can I maintain when I’m Bankrupt – The bankruptcy means test.

Any time people stress over Bankruptcy, they fret about just how it will impact their day-to-day lives, and if they will be able to keep their house, vehicle, tools, and other important belongings. One of the ways that we can figure this out is by utilizing the insolvency means test. It is something that we [...]

By | 2018-08-01T00:06:26+00:00 January 10th, 2017|Bankrupt, Blog|0 Comments

The top 3 concerns anyone is likely to have with Bankruptcy in Wyong.

If you are overcome by debt and you are checking out at Bankruptcy, there are possibly 3 consequences you need to look at to begin with. Income Loss For the 3 years you are actually bankrupt you may have to pitch in some of your income back toward your debt despite being bankrupt. (see table [...]

By | 2018-08-01T00:02:06+00:00 January 4th, 2017|Bankrupt, Blog|0 Comments

Losing your home: How much do you know of Bankruptcy in Wyong?

The most significant concern many have with Bankruptcy is without a doubt 'Can I manage to retain my house?' and it can be complicated, but in some cases it is attainable. The only reason where you will be obliged to sell your family house when you declare bankruptcy is if you have equity in the [...]

By | 2018-08-01T00:01:07+00:00 December 28th, 2016|Bankrupt, Blog|0 Comments

Bankruptcy Troubles? Did you know that your Bankruptcy duration can be extended?

My mission right now is to try and alert you about likely complications you could have with Bankruptcy so that you can stay away from making mistakes! When it involves Bankruptcy, there is lots of confusion and misinformation because of how complex it can be, and how emotionally charged a lot of people are whenever [...]

By | 2018-07-31T23:59:33+00:00 December 21st, 2016|Bankrupt, Blog|0 Comments