personal debt

Getting a buy now, pay later (BNPL) account, such as Afterpay, may seem like a no-brainer. After all, why wait until you have the cash to buy what you need (or want) when you can purchase it now and pay it back over weeks or months interest-free?

Our restructuring specialist and liquidator, Jarvis Archer recently chatted with Heather Smith on her webinar for accountants and bookkeepers. They discussed insolvency and how accountants can support their clients through the liquidation process.

On May 11, Treasurer Josh Frydenberg announced this year’s federal budget (2021-22), and now the dust has settled we put it under the microscope to break it down for you. The overall message was that the Australian economy is recovering strongly from the COVID-19 recession. In fact, it’s set to return to pre-pandemic levels, nine months earlier than last year’s prediction.

Rent vs buy: it’s the big dilemma of our generation. According to the last census, 67 per cent of people in Australia are homeowners, while 32 per cent are renters.

If you’ve ever asked yourself, ‘Is it better to save or pay off debt?’ you’re not alone. The big question of whether you should use what’s left over each month to pay off your debt or put it away for retirement is a common one.

A Part 9 Debt Agreement discharge is your chance for a fresh financial start. Your debts are repaid, your financial slate is clean and you are in a position to start over. It can be difficult to know where to start and you might be worried about making financial decisions. Here is what you need to know once you receive a Part 9 Debt Agreement discharge.