Bankruptcy Rockhampton Blog

  • Australia’s Household Debt Crisis Looms

    Today in the news, former economics advisor John Adams advised that Australia is too late to prevent an ‘economic apocalypse’ regardless of his continual warnings to the political elites in Canberra. He continued to advise the Reserve Bank to raise interest rates to avoid household debt getting further out of hand.   This bubble is […]
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  • ATO Debts Getting Out of Hand? Caution to all ABN holders, your ATO Debts may now shatter your credit rating. Beware of ATO Bankruptcy!

    There is terrible news for company owners who have an ATO debt from 1 July 2017. Small businesses will need to be careful of ATO Bankruptcy since the ATO may disclose information of your tax debts to credit reporting agencies such as Dun & Bradstreet and Veda Advantage. This will make it far more challenging […]
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  • What Remains on Your Credit Report And For How Long?

    A credit report is a comprehensive document that contains your history with creditors and has a considerable effect on your future financial capabilities. Possessing a ‘good’ credit report is typical provided that you pay your bills and debt repayments in a timely manner. However, missing a repayment on a bill or debt repayment can cause […]
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  • What Is It Like To Go Bankrupt?

    There’s no question that bankruptcy isn’t the best scenario to be confronting. There are some unpleasant financial consequences involved and it’s a very difficult and stressful process that will affect you financially for years to come. Ending up in mountains of debt can transpire very rapidly, and lots of individuals end up in this situation […]
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  • Bankruptcy in Australia – What To Know About Debt Collection

    A lot of people struggle with financial difficulties at some time in their lives, and most of these people are probably familiar with debt collectors. A debt collector is a person whose job is to collect debts on behalf of an enterprise. A debt collector can either be an employee of an organisation you owe […]
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  • 4 Types Of People Who Have Money Problems

    When it comes to money, a person’s personality plays a notable role in their financial decision-making. Everyone is unique, and that’s what makes us human, so it really shouldn’t come as a shock that there are particular types of personalities that are more likely to have money complications than others. It’s difficult to change your […]
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  • What Is Debt Consolidation?

    Most of us have seen the multitude of debt consolidation ads on TV. There is plenty of competition in the debt consolidation industry because unfortunately, many people are struggling financially and these companies provide much needed financial relief. Home loans, car loans, credit cards; people can get loans from a vast variety of lenders for […]
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  • What Happens After You Declare Bankruptcy

    Bankruptcy is not a decision that should be taken lightly. There are some taxing financial consequences involved and your financial freedom will be limited for years to come. This doesn’t suggest that declaring bankruptcy is the end of the world though. It should really be considered as the first step in securing a bright financial […]
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  • Is Bankruptcy My Best Option? How To Know If Bankruptcy Is Right For You

    Experiencing financial hardship is a very stressful situation and unfortunately, millions of individuals across the world end up in this situation every day. People in this predicament have various options to recover from their financial distress, and bankruptcy should be thought of as a last resort when all other alternatives have been exhausted. You’ve quite […]
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  • Ways to Save Money On Your Groceries

    Providing food for your family is paramount and the costs of doing this can fluctuate extensively based on your mood, financial position, and whether you’re hungry when you go to the grocery store! But the fact is that food is a sizable expense for most families, and seeking out ways to save at the grocery […]
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