Monthly Archives: September 2012

Aussie businesses suffocated by slow paying customers

Small businesses in Australia are suffering cash flow problems mainly because their customers are not paying bills in a timely manner. Many small businesses are forced to wait for payment for goods delivered or services provided, effectively acting like a bank for their consumers.In the mean-time they themselves are putting off payment of accounts, thereby escalating the cash-flow problems for...
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Bankruptcy Alternatives to Consider

If you are struggling with excessive debts, unable to meet even the minimum debt repayments set by your credit providers, you will probably be seriously considering the prospect of declaring bankruptcy. All too often bankruptcy is promoted as “the easy way out” for those who are struggling with debts. However nothing is further from the truth and before deciding to...
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Debt is a four letter word

During the early 2000s when property prices in Australia were growing at unprecedented pace, Aussies first acquired the taste of the good life by going on a debt-fuelled spending binge, to be financed by the increasing value of their family home or investment property. And indeed many people saw their homes earn them significantly more than they could going to...
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Your 10 Financial Health Commandments

We all like to complain about the hard economic times we are facing in Australia today. There is growing unemployment, businesses are closing their doors, retail sector is barely breathing and other sectors of the economy are not seeing any signs of buoyancy. Yes, perhaps by the measure of the lifestyle Aussies had enjoyed a decade earlier, we are in...
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