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What Happens When You Declare Bankruptcy and Purchasing A Home

24

Apr 2017

What Happens When You Declare Bankruptcy and Purchasing A Home

Although bankruptcy has plenty of financial repercussions, it certainly does not suggest the end of the world. Lots of individuals file for bankruptcy for numerous reasons, and this figure only intensifies with the tough economic conditions that we experience today. According to information from the Australian Financial Security Authority (AFSA), there were 7,466 incidents of bankruptcy in Australia in the September 2014 quarter alone. Finding...

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Top Things You Should NOT Do Before Going Bankrupt

31

Mar 2017

Top Things You Should NOT Do Before Going Bankrupt

Too many bills? Too much debt? Not enough money? Most people struggle financially at some point in their lives. Uncontrolled incidents such as hospitalisation, redundancy, or even divorce, can drastically alter your financial condition. But, when there is no other way to effectively cope with your debts, some people are forced to file for bankruptcy. Going bankrupt is never easy. It’s complicated, traumatic, and emotional....

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Signs You May Want To Consider Bankruptcy

27

Mar 2017

Signs You May Want To Consider Bankruptcy

Personal bankruptcy is never the preferred situation to be in, however lots of individuals find relief in dealing with their financial problems and starting over. No one is perfect, and people make mistakes. Yet too many people put off filing for bankruptcy for far too long. They would prefer to ignore the elephant in the room and spend many years fighting just to make ends...

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Mid adult woman toying with gold wedding ring on finger

24

Mar 2017

Bankruptcy Advice – Filing For Bankruptcy and Divorce

Everyone goes through challenging times in their life. Job loss, major illness, and unplanned pregnancies are just a handful of these. A leading reason why these situations are so traumatic is because financial troubles are normally accompanied with them. In most cases, financial troubles are the leading cause of divorce, and conversely, divorce can be the leading cause of bankruptcy. So, it’s not a surprise...

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5 Tips For Repaying Your Christmas Debt

22

Mar 2017

5 Tips For Repaying Your Christmas Debt

For most people, Christmas is seen as the most joyful time of year for both young and old. All of us are ecstatic to finalise the year of work or school and spend some quality time with family and friends. They don’t refer to it as the silly season for nothing either. Eating and spending a bit too much is the norm and it’s pretty...

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The top 3 concerns anyone is going to have with Bankruptcy in Newcastle.

04

Jan 2017

The top 3 concerns anyone is going to have with Bankruptcy in Newcastle.

If you are overwhelmed by debt and you are taking a look at Bankruptcy, there are definitely 3 repercussions you should think about first. Income Loss For the 3 years you are generally bankrupt you may have to pitch in some of your income back toward your debt despite being bankrupt. (see table below). This is actually critical when it involves Bankruptcy because If you...

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

28

Dec 2016

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

Easily the most significant issue many have with Bankruptcy is without a doubt ‘Can I manage to retain my house?’ and it can be complicated, but occasionally it is possible. The only reason where you will be obliged to sell your family residence when you declare bankruptcy is if you have equity in the home so that it is thought as an asset. But exactly...

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Bankruptcy Problems? Did you know that your Bankruptcy duration can be prolonged?

20

Dec 2016

Bankruptcy Problems? Did you know that your Bankruptcy duration can be prolonged?

My mission today is to try and alert you regarding potential problems you might have with Bankruptcy so that you can avoid making errors! When it includes Bankruptcy, there is a great deal of confusion and false information because of how tricky it might be, and how emotionally charged persons are whenever they are undergoing it. Here at Bankruptcy Experts Newcastle we definitely wish to...

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