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Bankruptcy Cassowary Coast Blog

Australia’s Household Debt Crisis Looms

Today in the news, former economics advisor John Adams suggested that Australia is too late to stop an ‘economic apocalypse’ regardless of his continual warnings to the political elites in Canberra. He went on to request the Reserve Bank to raise interest rates to stop household debt getting further out of hand. This bubble is […]

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ATO Debts Getting Out of Hand? Caution to all ABN holders, your ATO Debts may now blemish your credit rating. Beware of ATO Bankruptcy!

There is unfortunate news for business owners who have an ATO debt as of 1st July 2017. Small businesses need to be careful of ATO Bankruptcy since the ATO may disclose details of your tax debts to credit reporting agencies like Dun & Bradstreet and Veda Advantage. This will make it far more complicated for […]

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What Stays On Your Credit Report And For How Long?

What Stays On Your Credit Report And For How Long?

A credit report is a detailed document that records your history with creditors and has a notable effect on your future financial capabilities. Possessing a ‘good’ credit report is standard provided that you pay your bills and debt repayments on time. Having said that, overlooking a repayment on a bill or debt repayment can cause […]

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What Is It Like To Go Bankrupt?

What Is It Like To Go Bankrupt?

There’s no doubt that bankruptcy isn’t the ideal situation to be grappling with. There are some severe financial penalties involved and it’s a very complicated and stressful process that will affect you financially for years to come. Finding yourself in mountains of debt can come about very quickly, and lots of people end up in […]

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Four Types Of People Who Have Money Issues

Four Types Of People Who Have Money Issues

When it comes to money, a person’s personality represents a substantial role in their financial decision-making. Everybody is unique, and that’s what makes us human, so it really shouldn’t come as a surprise that there are certain personality types that are more likely to have money issues than others. It’s difficult to change your personality […]

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What Is Debt Consolidation?

What Is Debt Consolidation?

We’ve all seen the plethora of debt consolidation advertisements on TV. There is a considerable amount of competition in the debt consolidation industry because sadly, many people are struggling financially and these businesses provide much needed financial relief. Mortgages, car loans, credit cards; people can obtain loans from a huge variety of lenders for practically […]

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What Happens After You File For Bankruptcy

What Happens After You File For Bankruptcy

  Bankruptcy is not a decision that should be taken lightly. There are some unpleasant financial consequences involved and your financial freedom will be restrained for years to come. This doesn’t indicate that declaring bankruptcy is the end of the world though. It should actually be regarded as the first step in securing a bright […]

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