Bankruptcy Info Australia

Courier Mail explores the job of a Debt Consultant

MCole — Wed, 22 Oct 2008 01:06:07 +0000

The Courier Mail interviews a member of our experienced debt consultancy. Read the Article

Marriage Separation causes irrepairable debt

MCole — Tue, 21 Oct 2008 23:54:49 +0000

Catherine was left with over $30 000 in debt after she separated from her husband. There was no way that she could repay the debt on her income alone, especially that she was now caring for two children as a sole parent and her partner refused to pay child support. She was turned down for a debt consolidation loan and her debt had been passed on to a debt collector who demanded an upfront payment of $6000 (money she simply did not have) and hefty ongoing repayments that she would never be able to afford. On a net income of $640 per week, Catherine wondered how she would ever find the money to repay her debt and still support her family.

We analysed Catherine’s situation and after exploring a few options, she decided a bankruptcy would be the best way out of debt for her. She soon realised that she would be able to keep her car and other possessions and that her income would be protected from her creditors. More importantly she felt a great sense of relief as she was finally freed from a debt that she would never be able to repay. Catherine now has more money each week to spend on her herself and her family and has begun saving for her first home.

Cosmo I’m Drowning in Debt

MCole — Mon, 20 Oct 2008 01:07:17 +0000

Cosmo Magazine asks us to help Australian women beat debt. Page 1 | Page 2

The Blacktown Advocate talks about Car Loan Debt

MCole — Mon, 20 Oct 2008 01:04:34 +0000

The Blacktown Advocate interviews us about the rising debt incurred from family vehicle purchases. Read the Article

Northside Chronicle discusses the North Brisbane Debt Crisis

MCole — Mon, 20 Oct 2008 01:00:19 +0000

Northside Chronicle and one of our senior consultants discuss growing debt amongst Brisbane Northsiders. Read more

North West News 5 hot tips for managing debt

MCole — Mon, 20 Oct 2008 00:57:35 +0000

North West News asks us for five hot tips to manage debt. Read the Article

Blacktown Advocate reports a debt success story

MCole — Mon, 20 Oct 2008 00:51:56 +0000

The Blacktown Advocate writes about an out of luck teen with a large debt, and how Debt Mediators helped overcome it. Read the Full Article

Brisbane Times consults Debt Mediators about the rise in Debt stress

MCole — Mon, 20 Oct 2008 00:38:29 +0000

Investors to cash in on economic woes

Bargain hunters are expected to flood the Queensland property market in coming months as mounting debt forces an increasing number of cash-strapped home owners to sell up in order to make ends meet, one expert has tipped.

The pinch of high interest rates and the rising cost of living is being felt across much of the country, but the very thing responsible for a plateau in the property market could be the thing that sustains it, independent valuer and real estate consumer advocate Iain Herriot said.

There is little relief from current economic conditions on the horizon, and as a result many property owners are expected to be faced with little option but to cut and run, Mr Herriot said.

The uncertain economic climate means banks and other financial institutions are likely to launch action against non-payment quicker than in more prosperous times, according to Ben Paris from Debt Mediators Australia.

Debt counsellors have seen a “major increase” in the number of people experiencing significant stress from mounting credit card and personal loan debt, Mr Paris said.

Self employed carpenter faces credit card debt

MCole — Mon, 20 Oct 2008 00:06:00 +0000

David was a self employed carpenter and initially business was great. Work was steady and he had no problem meeting his bills and earning a lucrative income. Eventually however, problems began. He purchased supplies on credit card for a major job contracting to a builder. Unfortunately the builder’s business collapsed and he was unable to pay, leaving David with a hefty credit card bill that he could not afford to pay. He was turned down for a debt consolidation loan ,debt collectors were hounding him everyday and he struggled to make ends meet dealing with his credit card debt, a car loan and the living costs associated with supporting a a young family.

Debt Mediators talked to David and eventually determined that a bankruptcy would be his best option. He would be able to clear all of his debts and make a fresh start. He would also be able to keep working and trading as a carpenter, which was important to him. He has kept his car and he now longer has to spend most of his weekly income on overwhelming credit card repayments or worry about being taken to court by his creditors. He’s now able to start saving again and is glad to have his life back on track.

Are Creditors and Debt Collectors making your life a misery?

MCole — Fri, 17 Oct 2008 05:29:31 +0000

Is the worry and stress of your debts getting you down?
Are you afraid to answer the phone?
Are any of your goods about to be repossessed?
Been turned down for a Debt Consolidation Loan?
Are too many debts making your life spin out of control?
Is most of your wage eaten away by debt repayments?
Are you selling your assets to pay off your debts?
Do you need help out of the never ending debt trap?

The frightening truth is that when you can’t afford to pay your debts, and can’t get a debt consolidation loan, you can be harassed by debt collectors and eventually taken to court. A sheriff can arrive at your door with a warrant to repossess your goods or you can have the majority of your income confiscated (garnished) to repay your debts and suffer constant harassment in the meantime. Worst of all, you can be forcibly declared bankrupt if you’re unable to repay what you owe.

It’s a stressful, disturbing and painful experience that you don’t need to go through.

THERE IS A SOLUTION!

Imagine waking up tomorrow not having to pay back another dollar of your debt. How great would it be to get through your day without the fear of answering your phone?

Every year, thousands of Australians get their lives back on track by eliminating their debts through a bankruptcy.

All of your debt will be gone and you won’t have to endure the stress of legal action, courts, sheriffs or debt collectors. You’ll be able to smile again.

You’ll be able to focus on saving rather than trying to repay an endless debt and you’ll also be able to rebuild your financial future.

Voluntary Bankruptcy may be the best decision you ever make!

When you’re overwhelmed by debt there’s no better feeling than waking up totally debt free. And you won’t be alone either. Every year, thousands of Australians voluntarily declare bankruptcy and feel a tremendous weight lift off their shoulders. You DO NOT have to keep struggling with debts that you’ll never be able to repay.

Your first step however is to get some honest, expert advice. Our dedicated consultants are here to listen to your situation and recommend the right way forward for you, debt agreements, debt consolidation or bankruptcy. We can explain what’s involved in a voluntary bankruptcy and also go through some alternatives that will clear your debts quickly and permanently.

Give yourself a fresh start today. Call us for a free consultation and let us help you be debt free!

Call 1300 77 22 67 Now!

For a FREE consultation

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