Bankruptcy Experts Blog

Claiming Bankruptcy Pros and Cons Australia in 2020

Claiming Bankruptcy Pros and Cons Australia in 2020

So how much will actually be removed? What financial obligations will I still be left with? Is Bankruptcy really going to assist me get a fresh start? When it relates to bankruptcy pros and cons in Australia I frequently have individuals either stressed that their...

Best Ways to Get out of Debt

Best Ways to Get out of Debt

If you’re drowning in debt, the first thing to do is stop telling yourself you’re drowning. There is a way out, no matter how deep you’re in. Here are our suggestions to get you on the way to a better life. Make a budgetAsk: are you broke or overspent?Get a planDon’t...

If I have debts that are old, don’t they get written off anyway?

If I have debts that are old, don’t they get written off anyway?

There is a question we get asked all the time here at Bankruptcy Experts. Yes, there are debt recovery time limits, with some strings attached. With each month that passes, it becomes harder for the creditor to recoup the debt. In fact figures from a recent study...

What you DON’T want to do before you go bankrupt in 2020

What you DON’T want to do before you go bankrupt in 2020

Lots of bills? Too much debt? Not enough money? Lots of people struggle financially at some point in their lives. Unexpected events such as hospitalisation, losing a job, and even divorce, can seriously transform your financial condition. Yet, when there is no other...

Bankruptcy and Centrelink Debts

Bankruptcy and Centrelink Debts

What happens to my Centrelink debts if I go bankrupt? As a general rule we have always told our potential clients not to count on having your Centrelink debt written off when you declare bankruptcy, however it seems more and more this is not the case. In most cases it...

What You Need to Know About Debt Agreements

What You Need to Know About Debt Agreements

A large number of Australians go through financial challenges during their lifetime, and this is largely regarded as a normal fluctuation in our finances. But what if you're unable to address these issues yourself, but at the same time, you don't want to declare...

Tips on How to Address Your Financial Troubles

Tips on How to Address Your Financial Troubles

There's no doubt that financial issues can cause a lot of stress and anxiety in our lives. Continuously fretting about how you're going to pay your bills not only makes you apprehensive, but also puts stress on your relationships, your family, and your health. The...

Effective Ways to Save Money on Your Electricity Bill this Winter

Effective Ways to Save Money on Your Electricity Bill this Winter

Personally, I find there's nothing worse than being cold. Originating from Queensland, I'm used to the hot weather and it doesn't worry me much, but the cold hits me like a tonne of bricks! Like many of you, my electricity bill soars during the winter months and...

Bankruptcy and Child Support – Everything You Need to Know

Bankruptcy and Child Support – Everything You Need to Know

Filing for bankruptcy certainly isn't the end of the world, but it does have significant repercussions that will impair your finances in the future. I've discovered that most of the time, focusing efforts on creating a bright future is the best way for individuals to...