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Declaring Bankruptcy

Declaring Bankruptcy in Australia

The number of people declaring Bankruptcy each year is on the decline in Australia. In the 2016-17 Financial Year: 16,320 people declared bankruptcy (down 5.1% from the previous year) Personal bankruptcies in South Australia fell to the lowest level on…

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Part 9 Debt Agreement Consequences

The 2017 Financial Year saw 13,597 Part 9 Debt Agreements lodged in Australia. They prove to be an increasingly popular way to repay debt and avoid bankruptcy, despite the consequences of Part 9 Debt Agreements. Entering a Part 9 Debt…

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Reasons for Debt in Australia

So you've wound up in debt and you can't understand why? There are a number of common reasons for debt in Australia. It can happen to anyone and often, all it takes is one event to knock you off financial…

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