Insolvencies are rising. From travel bans to asset sales, here's what bankruptcy really means in Australia.
bankruptcy
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From $9000 Australian Open seats to six-figure school costs and rising deepfake scams, here are the key money stories Australians need to know this week.
With cost-of-living pressures rising, more Aussies are one emergency away from financial trouble. Here are seven smart ways to stay afloat.
So you're declaring bankruptcy but at least you can look forward to a refund at tax time, right? Wrong. You're unlikely to get to keep any refunds for three years.
By the time most people are in financial difficulty, it's too late. Open banking will help lenders identify borrowers at risk and offer better terms.
A new Bill before Parliament could mean a radical change bankruptcy legislation, slashing the bankruptcy period from three years and one day to just a year.
Bankruptcy can provide debt relief for people who have no other way out, but it comes with serious consequences, including not being able to travel overseas.
Helen owes $30,000 in Centrelink debt. Will the debt be wiped if she declares bankruptcy? Paul Clitheroe has the answer but it's not the one Helen wants.
Paul owes $21,000 in personal loans. He plans to travel overseas then declare bankruptcy on his return. So what does Paul Clitheroe think of this plan?
Testamentary trusts can be the answer for parents who want to leave an inheritance that will be protected from divorce, gambling or addiction.
