Monthly Archives: May 2014

Can’t find a debt solution?

The unfortunate truth for many Australians is that some debt problems are simply too difficult to solve. There are a range of debt solutions available to those who recognize early that they have a problem and start seeking help. People who however choose to ‘put their head in the sand’ and ignore problems until they are simply too difficult to...
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Bankruptcy is not an easy way out

According to information provided by The Australian Financial Security Authority (AFSA). more than 20,000 individual Australians declared themselves bankrupt during the 2012-13 year.  A typical profile of debtors shows that the most common reason for bankruptcy tends to be unemployment or loss of income (34 per cent) and excessive use of credit (22 per cent). Individuals spoken to suggest that...
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Eliminate debt one dollar at a time

The reading this week of the new Australian budget has brought it home for every Australian the changes and sacrifices that may be required on a national level in order to rein in out of control debt and reduce the cost of the escalation national debt to our economy. There is no easy way to get out of debt no...
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The ABC of Personal Insolvency Agreements

A Personal Insolvency Agreement (PIA) offers insolvent individuals an opportunity to come to a debt agreement with their creditors without the need to declare bankruptcy. PIA as a process is defined in Section 10 of the Bankruptcy Act of Australia and is therefore sometimes also known as a Part 10 debt agreement. Difference between Part 9 and Part 10 Debt...
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