Archive | December, 2016

Who do you talk to when talking about your financial circumstances in Australia? Probably your accountant or financial advisor. Well that is good practice when you are trying to save money at tax time and reducing your tax liability, however is no good for issues surrounding bankruptcy. Accountants in general are not certified to deal […]

There are two ways individuals facing financial difficulty become bankrupt. Firstly if you have a debt of any amount that you cannot pay, you can apply to become voluntary bankrupt. Secondly if creditors have tried to unsuccessfully to recover debts that you owe that total at least $5000, the creditor can force you into bankruptcy. […]