We know that bankruptcy is not going to be your first choice, but it is important to know that if your circumstances change, you may be able to end your bankruptcy early. We explore the different ways in which you may be able to end your bankruptcy early. 1. A Formal Proposal The Bankruptcy Act envisages that people may want ...

Do you feel like your debt is growing out of control? At Debt Free Australia we care about our clients. If you have reached a stage where there is no escape from the depths of debt, contact us now! To help save money and minimise the risks of your debt getting out of control, here are our top 3 tips ...

How do you file for bankruptcy? Filing for bankruptcy may be regarded as a difficult task but we have helped simplify the steps required to file for bankruptcy in Australia. Choosing a Bankruptcy Trustee. There are two choices when appointing a bankruptcy trustee: Appoint the Official Trustee from the Australian Financial Security Authority (AFSA). If you lodge your application directly ...

The federal government introduced The Bankruptcy Amendment (Enterprise Incentives) Bill 2017 late last year. This is why, at Debt Free Australia (DFA), we want to make sure you know how these changes will affect you. These new laws aim to decrease stigma around bankruptcy and give bankrupts a ‘fresh start’. The negative effects caused by the harsh bankruptcy laws that ...

In recent news, AFSA (Australian Financial Security Authority) have released statistics showing that Australians have recorded the highest rate of bankruptcy since June 2016. There has been a sudden increase in the number of Australians declaring bankruptcy, which may appear to be a bad thing, however, with recent developments it is possible that some Australians see it as the best ...

Bankruptcy is often labeled as a long and tedious process that can leave you with various negative implications for the future. A new bankruptcy bill was introduced into Federal Parliament on the 19th of October 2017, which proposes a few fundamental changes to the bankruptcy regime. One of the key changes proposed in the new bankruptcy bill is that the ...

At Debt Free Australia, we are passionate about helping Australians get out of debt. We understand that it is a challenging and stressful process and that each person's situation is different. This is why we offer a full suite of debt solutions so you can choose the option that best suits your needs. Whichever one you choose, however, we will ...

If you are looking at your options to get out of debt, one solution that you may have come across is a Debt Agreement. A Debt Agreement may be governed under the Bankruptcy Act but it is important to know what it is not Bankruptcy but an alternative to Bankruptcy. It refers to a formal agreement between the debtor and ...