Dec 12

Debt Consolidation Services

If you are facing an impossible and terrifying amount of debt to various creditors, then a debt consolidation service could be the answer to your problems. Debt consolidation services can help you get out of debt quicker than you ever imagined, as well as helping you save thousands on crushingly huge interest rates. When you […]

Dec 10

Debt Consolidation Explained

Debt consolidation is the process of combining all your debts into one easy to manage repayment. Essentially you take a loan that is used to pay off all your existing loans, leaving you with the just the one loan to repay. There are many options available, but the principle is always the same. Why get […]

Nov 26

Understand the Restrictions of Bankruptcy

Step 5 – Understand the Restrictions of Becoming Bankrupt adobe creative suite You should fully understand the restrictions which bankruptcy may place on your life before declaring yourself bankrupt. If you can avoid bankruptcy by entering into a Debt Agreement or a Personal Insolvency Agreement, you may be able to avoid some of these restrictions […]

Nov 19

Don't Commit an Offence whilst bankrupt

Be careful not to inadvertently commit an offence whilst you are bankrupt. Committing an offence whilst you are bankrupt could lead to your bankruptcy being extended for up to 5 or 8 years and in some cases can lead to a prison sentence and/or a fine. Listed below are some offences described in the Bankruptcy […]

Nov 19

Step 4 – Complete the Forms

The Insolvency Trustee Service Australia (AFSA) publish and process Bankruptcy Forms. To become bankrupt you will need to complete and file the following documents: Statement of Affairs; Debtors Petition; and Prescribed Information The bankruptcy forms can be downloaded from the AFSA web site here, FREE of charge. Statement of Affairs A debtors' petition must be […]

Nov 19

Step 3 – Consider your Options

Bankruptcy Options If you are considering bankruptcy, you should carefully assess your options, including your options to avoid bankruptcy.  If you file for bankruptcy without carefully exploring your options it may be too late. What are my options? You can file for bankruptcy voluntarily or you can be made bankrupt through the courts (ie an […]

Nov 19

Step 2 – Get Expert Advice

It is critical that you approach an organisation with the genuine expertise in bankruptcy.  You should enquire if the organisation has a Registered Trustee that practices in bankruptcy. cheap antivirus software At Debt Free we have a private bankruptcy trustee who has a wealth of experience in practising bankruptcy, so you can be assured you […]

Nov 19

Step 1: Assess the Criteria

Do you have a connection with Australia? Australian Residents Residents of Australia are free to file for bankruptcy if you have overwhelming debts which you cannot pay. The Official Receiver at AFSA has the discretion to reject a debtors' petition if: it is not in the prescribed form; it is not accompanied by a Statement of […]

Oct 09

What to do if you’ve been refused a debt consolidation loan

Have you tried to consolidate your debts but you have been refused a debt consolidation loan due to your bad credit history? If your debts have become too difficult to manage and you feel that you have lost control then you may wish to consider a formal debt solution. Let us explain more about your […]

Sep 24

How to avoid getting pressured into a debt relief solution

Some debt relief agencies have given the industry a bad reputation. Before 2007 the industry wasn’t regulated very well and companies were not required to be registered to provide services for Debt Agreements. This changed in 2007 and all Debt Agreement Administrators must now be registered with the Insolvency Trustee Service Australia (AFSA). AFSA performs […]