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

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

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

A Part IX, or Debt Agreement is a means to compromise your current repayments on unsecured debts so that they are included within one package.   It is NOT a loan, just a re-negotiated way to repay your debts and avoid Bankruptcy.  It is initially put forward as an offer to your Creditors, who will… Read more