Tax Debt What Can I Do
With any unsecured debt your Tax debt can be claimed when lodging a personal or Business bankruptcy. Call us or fill out the contact form on our site and we can discuss your options.
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Drowning In Credit Card Debt!
Is this YOU, are you drowning in bills and credit card debt. The good news is we can tell you what you can do with this situation. CALL US and we can have a chat about your options.
Contribution Thresholds.
Number of dependants Income limit 0 $56,674.80 NETT 1 $66,876.26 NETT 2 $71,977.00 NETT 3 $74,810.74 NETT 4 $75,944.23 NETT over 4 $77,077.73 NETT If you earn this level of income you will have to pay a contribution to the Trustee, the exact amount will be calculate when you lodge you bankruptcy and received the […]
Bankruptcy 1 Year before the Australian Parliament expected end 2018.
A bill to reduce the default period of bankruptcy from three years to one year was introduced into Federal Parliament in October 2017 and is expected to come into effect sometime in 2018. The key features of the so-called 1-Year Bankruptcy Bill. Which are explained below, especially note the impact of the commencement of 1-year […]
What About My Car
My Car Can I Keep It? Generally speaking , if you are maintaining the payments on your car you can keep it, if the car’s value is over the $7900 threshold and you have paid it off you may have to pay your trustee to amount over that threshold. For example 1: You own the […]
