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  1. #1
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    Default Other options than bankruptcy

    What choices does one have to prevent bankruptcy that won't disadvantage you in the future. ..
    Ideas please ? ???

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    go talk to a financial counsellor.

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    Make sure you look at free ones via smart money not one of the dodgy companies out there. There is lots of support you can get make sure you don't get screwed be dodgy companies takin advantage

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    turquoisecoast  (10-05-2016)

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    Who do you owe money to?

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    Depends who you owe and how much. Whether it is personal debt. Joint debt.

    I agree witb @turquoisecoast that you need to see a professional.

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    I would talk with a counselor. CAP - Christians against poverty is a great organisation. They don't charge you and are a registered agency to help with financial counseling and give you options. They will ask for lots of information and then prepare a budget and a recommendation for how to proceed. ..either with debt agreements or negotiations. Or bankruptcy.
    They don't push 'Christian' messages but are run by charities with donations from churches. Which is why they don't charge. They are very good.

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    Wise Enough  (11-05-2016)

  9. #7
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    Quote Originally Posted by RuffledPansy View Post
    What choices does one have to prevent bankruptcy that won't disadvantage you in the future. ..
    Ideas please ? ???
    Have you looked into withdrawing some of your superannuation under the "severe financial hardship clause".

    You can get $10,000 maximum.
    It's taxed at 22%.
    Not all superannuation companies let you do it.
    You have to have been receiving centre link benefits for 26 weeks continuously, minimum.
    You need to provide proof of all income and outgoings to prove that you need the money.

    I can keep going if you like? Or this may not apply to you..


 

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