Many Australians struggle to pay back their credit card debts. Statistics show that, on average, a credit card holder has $4,291 worth of debt. This amount would take roughly 30 full years to pay back. For some people, this may not be an issue. But for many, repaying credit card debts is an ongoing uphill battle. On top of credit
Anthony Warner
ABS Bankruptcy Information Portal: The One-Stop Information Centre for Australians
If you have been struggling with debt for a long time, waking up to the reality of not having to pay back another dollar of your debt may sound too good to be true. No more calls from creditors and all legal cases made against you dropped… That’s exactly what filing for bankruptcy does. A bankruptcy allows you to move
Don’t Fear; Professional Bankruptcy Advice is Near!
Do you cringe at the sound of your telephone ringing? Stress keeping you awake at night? Outstanding bills outweighing your incoming funds? If any of the above describe your current situation, it is possible that you are headed down the path toward bankruptcy. But don’t fear, professional bankruptcy advice and assistance is always near. When one typically thinks of bankruptcy,
Professional Bankruptcy Advice with ABS
Are you wondering if bankruptcy is the right decision for you? Whether or not to take the big leap and declare bankruptcy may be one of the most confusing, daunting and financially stressful situations you will ever face. On top of this, Australia’s bankruptcy laws have become very complicated in recent years, making the decision to file for bankruptcy even
Directors of Bryan Byrt Declare Bankruptcy Following $70 Million Collapse of Auto Dealership
The directors of Bryan Byrt Auto Group in Brisbane have declared personal bankruptcy following the $70 million collapse of their auto dealership. Both John and Brendon Crowley are reported to have only $200 each left in their bank accounts. The Bryan Byrt group collapsed in November last year, owing funds to various creditors ranging from small tyre dealers to big
The Process of Declaring Bankruptcy in Australia
It’s natural that as the size of your outstanding debt increases, so do your stress levels. You begin to feel overwhelmed by pressure, afraid of answering phone calls and fear falling deeper into the black spiral of debt. That’s why at Australian Bankruptcy Services (ABS) we’re always available to help. If you have exhausted all other options and found that
Australia’s Most Extensive Bankruptcy Information Portal
When you’re experiencing financial distress, you need quality advice from experts in the industry. Whether you’re yet to officially declare bankruptcy, are currently amidst the process or have just finalised your case, it’s good to know that professional assistance is available when you need it most. Australian Bankruptcy Services (ABS) assists Australians with one of the most daunting and difficult
Aussie SME Owners and Employees at Risk of Debt
The number of people in serious debt is on the rise, echoing the increase in SME wind-ups. A rise in companies in debt An analysis of official statistics from the Australian Securities and Investments Commission (ASIC) reveals that there was a notable increase in the number of Australian companies declaring insolvency in the end of the last financial year. ASIC’s
Bankruptcy isn’t something to be ashamed of
Did you know? One in 911 Australians become bankrupt at some point in their life More than 20,000 Australians declare bankruptcy each year 20% of bankruptcies are business related, not personal Once upon a time, bankruptcy carried a stigma; however, times have changed. Although bankruptcy remains a last resort for those in debt – and it is always recommended that
Professional Bankruptcy Advice for Everyday Australians
If you are looking to file for voluntary bankruptcy in Australia, it is critical to seek professional bankruptcy advice from a Registered Trustee in Bankruptcy proceeding. Bankruptcy is a serious decision that can come with harsh consequences. You should consult a bankruptcy expert who will carefully assess your individual situation and make sure it is the best option before you
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