The Australian Financial Security Authority reveal a 7 per cent rise in personal bankruptcy nationally, and unfortunately our Australian farmers are suffering.
We have had an influx of farmers from all over the country, in despair and not knowing what to do next.
Many of the common questions that farmers ask are:
– Will we loose our personal assets?
– What happens to the stock involved?
– Do we need a foreclosure attorney?
– Do we need liquidation?
and many more.
We can help answer all of these questions for you and map out a plan to move forward.
Our farmers matter to us as a nation and we at Bankruptcy Solutions have had experience with helping many people find a way out of the situations they are in. Before heading down an emotional and stressful path, or if you are already in this place, please do not hesitate to contact us. We will help wherever we can.
If you are contacted about a debt that you believe you do not owe or you disagree with the amount, you have the right to dispute the debt.
The following are reasons and grounds to dispute a debt:
It’s not your debt.
You have already paid the debt.
You disagree with the amount of the debt.
It’s an old debt and you haven’t made a payment for at least six years, no court judgment has been entered against you and you haven’t admitted in writing that you owe the debt.
If you find yourself in this situation and you would like to find out more about your individual rights, please email: email@example.com
Many of our clients have horror stories about unethical creditors chasing payments. The following information will help you understand your rights.
When can a creditor contact me?
Unless you agree otherwise a creditor is limited to the following contact times and locations:
By phone – No more than 3 times per week or 10 times per month. During weekdays from 7:30am to 9pm. During weekends from 9am to 9pm.
Face to face – No more than once a month. Weekdays and weekends 9am to 9pm and they should only visit your home if there is no other way of contacting you including mail and email. Visiting your work can only be conducted when all other methods of contact have been exhausted and you have not responded. They cannot visit during National public holidays.
Creditors cannot – Have you sent to prison, take or sell any of your property that they don’t hold as security unless they have a court order. They cannot take everyday household items or threaten, physically intimidate or harass you.
Despite state and federal consumer protection laws, allegations of harassment, coercion and other problems by debt collectors are often reported. If you find yourself in this type of situation, let us know and we will be more than happy to send you an eBook detailing all your rights.
We are seeing a huge influx of our Australian miners coming through our doors in desperate need of our help.
With many of the large mines closing their doors, this leaves many Australian families in the dark about what to do next.
Many of the common situations we see are families that have been earning great incomes for a number of years. Because of this they have made smart investments in property around Perth, WA. A lot of the time there are vehicles and some unsecured loans that were extremely manageable in abundant times.
Due to our nation’s financial position, these families were robbed of their well paying jobs and careers.
This has left so many of our mining families with home loans, car loans, taxation debt and unsecured debts that they now can’t possibly pay off. Many of these families are scared and unsure about what they can do now.
With no work prospects in the foreseeable future, there is another option. This option is not as scary as it seems, and can put you back on top. This option is bankruptcy.
If you have recently been forced out of the mining industry and are struggling with any of the above situations, please do not hesitate to contact us. We are familiar with the struggles that you are going through, and will be able to take care of you and your family.
1. “If I go bankrupt I will loose everything.”
This idea usually stems from popular TV shows. Dramatic stories where everything is being shipped out the door and the family is left on the street. In Australia, this is far from the common reality. None of your household items are of any interest to the tribunal. The only thing that they care about is property and vehicles, and more often than not, we can help you keep those too.
2. “If I go bankrupt, it will be posted in the newspaper and everyone will know.”
This myth stems from the ‘old days’ when this actually used to happen. Nowadays this is completely false. Bankruptcy is an extremely confidential process. The only people that will know about your bankruptcy are us, your creditors and the people you choose to tell.
3. “If I go bankrupt I’ll never be able to buy property or take out loans again.”
This, again, is completely false in Australia. You will be filed as a bankrupt for three years. Within this time you can borrow up to $5,000. After this three years you will be automatically discharged. Your credit rating can be damaged from 5 to 7 years by your creditors if you are currently in default of payments. If you have been late with payments to creditors and are in default, chances are that your credit rating is already damaged.
Hopefully this has cleared up some questions you might have. Please feel free to chat to us today so that we can help you further.