Uncategorized | Bankruptcy Experts - Get the right Bankruptcy and Liquidation Advice https://bankruptcyexpertsdarwin.com.au Thu, 19 Nov 2020 01:21:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.3 https://bankruptcyexpertsdarwin.com.au/wp-content/uploads/2020/09/Bankruptcy-Experts2-150x66.png Uncategorized | Bankruptcy Experts - Get the right Bankruptcy and Liquidation Advice https://bankruptcyexpertsdarwin.com.au 32 32 Best Ways to Get out of Debt https://bankruptcyexpertsdarwin.com.au/best-ways-to-get-out-of-debt/ https://bankruptcyexpertsdarwin.com.au/best-ways-to-get-out-of-debt/#respond Tue, 22 Sep 2020 23:28:00 +0000 http://bankruptcyexpertsdarwin.com.au/?p=7722 If you’re drowning in debt, the first thing to do is stop telling yourself you’re drowning. There is a way out, no matter how deep you’re in. Here are our suggestions to get you on the way to a better life. Make a budget Ask: are you broke or overspent? Get a plan Don’t get into any more debt Cut expenses, somehow Make more money Ask creditors to lower your interest rate Pay on time […]

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]]> https://bankruptcyexpertsdarwin.com.au/best-ways-to-get-out-of-debt/feed/ 0 If I have debts that are old, don’t they get written off anyway? https://bankruptcyexpertsdarwin.com.au/if-i-have-debts-that-are-old-dont-they-get-written-off-anyway/ https://bankruptcyexpertsdarwin.com.au/if-i-have-debts-that-are-old-dont-they-get-written-off-anyway/#respond Fri, 18 Sep 2020 03:34:40 +0000 http://bankruptcyexpertsdarwin.com.au/?p=7448 There is a question we get asked all the time here at Bankruptcy Experts. Yes, there are debt recovery time limits, with some strings attached. With each month that passes, it becomes harder for the creditor to recoup the debt. In fact figures from a recent study state that a debt overdue by just one month has a 93.8% chance of being paid, but this percentage drops to 74% after 3 months and down to […]

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]]> https://bankruptcyexpertsdarwin.com.au/if-i-have-debts-that-are-old-dont-they-get-written-off-anyway/feed/ 0 Proposed Changes to the Bankruptcy Act – Term Reduced from 3 Years to 1 Year. https://bankruptcyexpertsdarwin.com.au/proposed-changes-to-the-bankruptcy-act-term-reduced-from-3-years-to-1-year/ https://bankruptcyexpertsdarwin.com.au/proposed-changes-to-the-bankruptcy-act-term-reduced-from-3-years-to-1-year/#respond Fri, 08 Dec 2017 06:50:27 +0000 http://bankruptcyexpertsdarwin.com.au/?p=3500 The Bill is to reduce the period of bankruptcy from three years to one year was introduced into Federal Parliament on 19th October 2017. The key features of the Bill are as follows: From 3 Years to 1 Year  – The time a bankrupt will remain bankrupt will be reduced from 3 years to 1 year.  The bankrupt will be discharged at the end of the period of 1 year from the date on which […]

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