Australian household debt has risen steadily over the past three decades. As a result, we now have some of the highest levels in the world. If your debts are spiralling, or you’re simply feeling overwhelmed by high-interest repayments, here are some of our top tips to getting things under control.
Topics: Personal Insolvency, Personal Debt, Debt Management Solutions
Struggling to lodge and pay your tax? The worst thing you can do is stick your head in the sand. By letting the ATO know about your situation, you can avoid worsening debt and potential legal action. You may also be able to apply for a payment plan to spread the cost.
Topics: Tax Debt, Personal Debt
Unsure what a garnishee notice is, or exactly what you need to do if you receive one? To make things easy, we’ve taken it back to basics for you.
Topics: Tax Debt, Business Debt, garnishee notice
If your company is struggling financially, you have three main options available to you: business turnaround, voluntary administration or sale (followed by liquidation or administration).
Topics: Director Advice, Turnaround & Restructuring, Business Debt, small business restructuring
To help you understand what a statutory demand is and what the implications of receiving one are, we’ve answered all the questions for you.
Topics: Tax Debt, Director Advice, Personal Debt