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PAST ARTICLES

Can you transfer your house before bankruptcy?

Can you transfer your house before bankruptcy?

We are often asked by clients who are insolvent if they can transfer their interest in the family home to their husband or wife and then go bankrupt? ...

Bankrupt deceased estates; what happens to jointly-owned property?

Bankrupt deceased estates; what happens to jointly-owned property?

We are often referred clients whose husband or wife has passed away and the deceased estate is insolvent. If the husband and wife have jointly-owned a property (or properties) there are two ways the property can generall...

Is it an offence to gamble and lose money before bankruptcy?

Is it an offence to gamble and lose money before bankruptcy?

It is a little-known fact that it can be an offence to gamble leading up to your bankruptcy. This is because Section 271 of Bankruptcy Act 1966 (the Act) provides that it is an offence for a person to gamble away funds within two years of the commencement of their bankruptc...

Success Story: Settling a $785,000 bank debt for $26,000

Success Story: Settling a $785,000 bank debt for $26,000

Can you settle a large debt you owe to your bank for a minimal amount? Read how we helped a client settle for less. ...

What Happens to Debts of a Deceased Estate?

What Happens to Debts of a Deceased Estate?

The executor or administrator of a deceased estate will have the duty to deal with the deceased’s debts and pay them where possible from the deceased’s assets. The remainder of the estate after the payment of these debts will be distributed to the deceased’s beneficiaries. Some estates, howev...

AFSA Warns of Dodgy Insolvency Advisors

AFSA Warns of Dodgy Insolvency Advisors

The Australian Financial and Security Authority (AFSA) has warned the public of potential dodgy insolvency advisors targeting individuals who are...

Bankruptcy threshold now $10,000

Bankruptcy threshold now $10,000

The Federal Government has announced the cessation of the temporary protections and fixed a new threshold at which a creditor can issue of bankruptcy notice at $10,000....

Ending Bankruptcy Early by a Section 73 Composition

Ending Bankruptcy Early by a Section 73 Composition

Our Bankruptcy trustee experience can help you with a Section 73 Composition to assist with exiting a bankruptcy sooner. ...

How Much Can You Earn if You Are Bankrupt?

How Much Can You Earn if You Are Bankrupt?

If you are wondering whether there is a limit as to how much you can if you are bankrupt, you have come to the right place. ...

How Does the Bankruptcy Process Work

How Does the Bankruptcy Process Work

There is often confusion about how the bankruptcy process works. When we meet with clients we provide details of the bankruptcy process and how it will impact them. This article also provides a brief overview. ...

Struggling with Mortgage Repayments? Here’s What You Can Do

Struggling with Mortgage Repayments? Here’s What You Can Do

At the start of the COVID-19 pandemic, financial institutions helped customers impacted by the pandemic in the form of mortgage repayment deferments. These are due to come to an end soon. ...

Success Story: Negotiating a Settlement of a Mortgage Shortfall Debt

Success Story: Negotiating a Settlement of a Mortgage Shortfall Debt

A common misconception is that mortgage insurance protects a purchaser should there be a mortgage shortfall when the property is sold. But the insurer will then pursue you for the shortfall....

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Fax: 07 3221 8885

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Brisbane Qld 4001

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Bundall Qld 4217

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Fax: 07 3221 8885

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