Bankruptcy and Alternatives

Bankruptcy is a way of clearing your debts and gaining a fresh start. It’s an effective form of debt relief and in some cases, it’s the best thing you could do. For some people however, there are alternatives, so in this article we’ll look at: What’s involved in a bankruptcy What the consequences of going bankrupt are How to avoid the pitfalls Some alternatives to bankruptcy What’s involved in a Bankruptcy? Under a bankruptcy, all of your eligible debts are … Read More

Dealing with Debt Collectors

When you’re struggling with debt, you might find yourself in the difficult situation of having to deal with debt collectors.  While most will do the right thing, some may try to prey on your ignorance of laws relating to debt collection and try get away with more than they should. Debt collectors can be stressful to deal with, particular when they overstep the line. But as the old cliché goes, knowledge is power, so to help you cope as well … Read More

Part 9 Debt Agreement

A Debt Agreement is a way of breaking free from debt when you’re struggling. In this article we’ll look at: How a Debt Agreement works. Whether or not you’re eligible to apply. The consequences of entering a Debt Agreement. How to choose a Debt Agreement administrator How does a Debt Agreement work? A Debt Agreement is a way of clearing your debts when you’re in genuine difficulty.  It’s important at this point to note that a Debt Agreement applies to … Read More

Superannuation Not The Answer To Debt Woes

Superannuation is one of your most important assets and should almost never be used to deal with your debt problems.  There are 3 key reasons for protecting your Super: You’ll most likely need it to enjoy a comfortable retirement. It enjoys a range of tax incentives not available to other investments. It’s protected from your creditors in the event of any legal action and so using it to pay them voluntarily could be unnecessary and wasteful. The key to a … Read More