Many people with unmanageable debt feel completely alone with their struggles. They feel that they have somehow failed in being unable to maintain their repayments and that they have no right to ask for help. In actual fact there are countless Australians suffering serious financial difficulty, and a network of support options available to them. The first option you have ...

Some of the consequences of Bankruptcy cannot be known for certain until you actually go ahead with it, because they depend upon the findings of your Bankruptcy Trustee’s investigations. There is one thing that is certain, though, which is that it is going to affect your credit file. Declaring yourself Bankrupt will place a mark on your credit file for ...

The feeling of not being in control of your debt is fraught with negative connotations and misconceptions. Terms like “black-listed”, “insolvent” and “Bankrupt” are often confused and misconstrued, and lead to undue feelings of guilt and shame. For many people find themselves “black-listed” even if they have been paying their debts; you can be insolvent without having to go Bankrupt; ...

When most people think of insolvency, or being insolvent, they think of it as something that is forced upon you. Companies and businesses are forced into liquidation, or individuals are made bankrupt by one of their creditors… many people do not realise that declaring yourself insolvent can be voluntary, and  that it can also be a beneficial decision to make ...

One of the biggest concerns that people have when they are considering Bankruptcy is the effect it will have on their home, either the one that they already have, or the one that they are hoping to get; "I will never be able to get a home loan" is one of the most common things we hear over our Bankruptcy ...

If you are struggling to pay your credit card debts you can try to come to some sort of temporary arrangement with your creditors. This is usually known as hardship, a process by which they will assess your application for assistance and, if they deem you qualified for it, may do such things as freeze the interest on your account ...

One of the major advantages to a Debt Agreement is that, unlike an informal arrangement which can be refused or broken by your creditors, it is legally binding. All your need is for the majority of your creditors to accept it, and all of them will then be bound by it. A Debt Agreement is a two-way street though, and ...

A Debt Agreement Administrator can be a company or a person who is licenced and registered with the Australian Financial Security Authority (AFSA) to set up and administer Debt Agreements. Before you pay any money to get help with setting up a Debt Agreement, make sure that the person or company who you are dealing with is registered with AFSA ...