Indexed Amounts
Learn about the current indexed amounts for Part IX debt agreements and bankruptcies in Australia, including key financial thresholds updated for inflation and cost of living.
Australia’s Current Mortgage Stress Crisis – and How to Manage it
Over 942,000 Australians are currently experiencing mortgage stress due to rising interest rates. Learn about what mortgage stress is and how to manage it.
Mortgage Stress Rises as Household Debt Grows
Due to increasing household debt levels and low wage growth, mortgage defaults and delinquencies are expected to rise.
Mortgage Stress in Australia
Close to 1 million Australians are experiencing mortgage stress with 921,000 households feeling the pressure in December 2017. Findings revealed 29% of Australian Households are struggling to make their mortgage repayments as their net incomes are not enough to cover ongoing costs.
Credit Card Crackdown: ASIC Step in to Help Aussies with Debt
Australia has just hit the $50 billion mark for our national credit card debt, according to ASIC. In the 2016-17 Financial Year, Australians spent an estimated $621 million on interest and fees, and it’s time that someone stepped in and protected hard working struggling Aussies.
Reasons for Debt in Australia
So you’ve wound up in debt and you can’t understand why? There are a number of common reasons for debt in Australia. It can happen to anyone and often, all it takes is one event to knock you off financial track.
JobKeeper and JobSeeker Supplement payments are ending – How will it affect you?
Currently receiving JobKeeper or JobSeeker Coronavirus Supplement payments? How will you budget when they stop in March? Here’s what you need to know.
What You Need to Know About Changes to Insolvency Laws
Your first business isn’t always the one to succeed. Often, successful entrepreneurs fail at multiple businesses. While these businesses are failures, they’re also lessons. Every mistake that is made is a mistake an entrepreneur won’t make in their next business – improving their odds of success.
Client Success Story: Local Cafe Turnaround
Our recent café client was having a tough time. They’d been trading for five years, propping up cashflow with personal cash and credit cards, and had planned to close. Now, just three months after contacting us, they’ve had their best month of sales ever and we are all wearing big smiles.
3 Ways to Prevent Business Failure Under New Laws
Below is an overview of the three options available for directors to prevent business failure. The key to better outcomes is getting in early. Don’t delay implementing improvements or seeking professional help to keep your business afloat.