One way creditors can recovery money from a company is with a Statutory Demand. This demand, made under the Corporations Act 2001 gives the company's director 21 from days from the day it's received to pay a specified sum of money.
Topics: Company Liquidation, Tax Debt, Business Debt, reduce business debt
The Mission Australia 2012 Youth Survey spoke to 15,351 people aged 15 to 19 and asked them about their concerns, values, support systems and activities. Almost one third of respondents rated the economy and financial matters as the most important issue in Australia today.
Topics: Research, Personal Debt
Despite its reputation, Bankruptcy is not a punishment. Declaring Bankruptcy in Australia can alleviate financial hardship and stress.
Topics: Bankruptcy, Personal Debt, Debt Management Solutions
At Revive Financial, we understand the strong relationship you have with your clients. So when they are facing financial difficulty, you naturally want to find a solution that best meets their needs.
Topics: Director Advice, Personal Debt
An Informal Agreement can be a lifesaver for many, with lots of perks. Here at Debt Rescue, we offer our own Informal Agreement called a Debtstroyer Agreement. Despite the many benefits, there are a few risky downfalls to entering an Informal Agreement that you should keep in mind.
Topics: Research, Informal Agreement, Personal Debt, Debt Management Solutions