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. ...
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. ...
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....
We can help negotiate a settlement of a personal guarantee debt if you are being pursued for the debt....
Avoiding bankruptcy by negotiating settlements naturally avoids the problems commonly associated with being recorded by credit reporting agencies and listed on the NPII register....
To become bankrupt, you will need to complete a Bankruptcy Form. This is a new form which was issued by the Australian Financial Security Authority (AFSA) in January 2020....
In bankruptcy certain assets are able to be sold by your trustee and certain assets are ‘protected’ and you can keep them. Sometimes determining whether an asset can be sold involves complex issues, however, th...
We are commonly asked to assist people involved in a business that has failed. Often one of the impacts of the business’ failure is that a bank loan to the business has not been paid. This loan is also often guaranteed by the person running the business but also by his or her partner, with the loa...
Article by Johanna Bond, Senior Accountant, Pearce & Heers’ Brisbane Office One of the various recovery tools the Australian Taxation Office (ATO) can use to recover tax debts is to refer tax debts to external debt collectors. ...
How does someone enter into a personal guarantee, and what are the consequences? ...
Article by Mark Davidson Ever wondered what would happen to your property in bankruptcy and if it was possible to keep it? It depends on number of factors, however the key thing to understand is that your interest in a property upon becoming bankrupt vests in your trustee, on behal...
Got a self-managed super fund and facing bankruptcy? Find out what your risks and options are so that you make the right decision for your future…...
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Brisbane Qld 4000
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Fax: 07 3221 8885
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