The COVID-19 pandemic has taught us some important financial lessons that we should revisit. As time rolls on, Australia seems to be making a steady recovery. It is important to reflect on how the lessons we have learnt can help us prepare for periods of uncertainty and description in the future. Here are three important lessons we all should learn
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Avoiding personal bankruptcy during COVID-19 (Coronavirus)
With the COVID-19 (Coronavirus) impacting the economy, businesses and employment, you may find yourself at risk of personal bankruptcy. As bankruptcy can have serious consequences, it is important for you to understand your alternatives available during COVID-19. Debt Agreements and Personal Insolvency Agreements Debt Agreements and Personal Insolvency Agreements are formal agreements that you enter into with your creditors.
How Australian Bankruptcy Services can help during COVID-19 (Coronavirus)
With the ongoing impact COVID-19 has had on the global economy and individuals, you may find yourself in financial distress. If you have found yourself in a position where you are no longer able to make your payments or you cannot negotiate a suitable repayment arrangement with your creditors then bankruptcy may be the most appropriate choice. To help with
Changes to bankruptcy laws in response to COVID-19 (coronavirus)
The financial impact of the COVID-19 (coronavirus) on individuals and businesses can be seen across Australia and the rest of the world. On March 25th 2020 the new changes to the bankruptcy laws by the Australian government came into effect to support individuals and businesses. These temporary debt relief measures included: 6 month temporary debt protection The period of temporary
How will bankruptcy affect my employment?
With much ambiguity and rumours surrounding bankruptcy you may be worried that filing for bankruptcy may jeopardise your job or chances of getting a job. But chances are that bankruptcy would not endanger your job and here is what will most likely happen. How would bankruptcy affect your current job? If you are wondering whether your employer can fire
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