AFSA has recently released updated insolvency statistics showing that in the March 2020 quarter, personal insolvencies rose by 4.0% when compared to the previous quarter. Capital City Stats There were rises in all capital cities except for Greater Perth, Greater Darwin and the Australian Capital Territory. New personal insolvencies in regions outside capital cities fell… Read more

Twice a year, the Indexed Amounts are updated.  “What are Indexed Amounts?”  I hear you ask?? Well!  These are the limits applicable to certain aspects under The Bankruptcy Act, such as; The amount of income you earn whilst Bankrupt, before being required to make contributions to your bankrupted debts; The limits applicable to the value… Read more

Is 2019 the year in which you achieve financial freedom? What’s your debt elimination plan?  Are you tired of having a dark financial cloud hanging over you? Is 2019 the year in which you finally wave goodbye to debt, once and for all? While borrowing money can often feel like a ‘helping hand’ in times of need,… Read more

Whether it’s buying a lotto ticket, placing a bet on the horses or playing the pokies, most people gamble at some point in their lives. But even so, it’s important to know how gambling works and to be able to differentiate between responsible and irresponsible gambling.  Responsible gambling means understanding the odds, and knowing how… Read more

A recent article from ABC news has detailed the bankruptcy surge to hit Australia, noting that more than 32,000 Australians declared bankruptcy during the 2018 financial year, with households in resource-dependent WA and Queensland doing it particularly tough. As alarming as this topic may be, we feel it’s important for fellow Australians to be in… Read more

If you can’t meet all your debts, then it’s safe to say you’re probably feeling worried, stressed, overwhelmed. You may even be concerned about how to avoid bankruptcy.  Don’t worry – There are options to avoid bankruptcy and you’re definitely not alone. Debt Agreements are just one of those options and Life After Debt ®… Read more

Feeling stressed? You’re not alone.  According to recent Medibank research, the incidence of stress has peaked of late, with the number of Australians affected rising from 3.7 million in 2007-08 to over 4.9 million in 2016-17.  On top of this, the Financial Stress Survey by CoreData and Financial Mindfulness, found that one in three Australians feel… Read more

Recently, we talked about dealing with debt collectors and provided you with some useful information on your rights and responsibilities.  But what about if your dealings with debt collectors were to go that one step further?  What about legal action? Today, we explain what legal action your creditors can take against you and what you… Read more

You got yourself into some debt and have now discovered that your credit score isn’t great.  Naturally, you want to repair it, but you don’t know how to do it or where to start.  In our latest blog, we warn you about the dangers of ‘credit repair’ companies and paying to try to fix your… Read more

Drowning in debt? Finding it hard to meet your loan repayments?  Feeling stressed and not sure how you are ever going to get out of the debt-trap? We hear you, you’re not alone and there is something you can do about it.  In our latest blog, we explain what a hardship variation is and how… Read more