The Attorney General released draft legislation on amending the Bankruptcy Act on 25 August 2009.
The draft legislation includes many technical changes but of most interest to the average Australian the reforms to the Bankruptcy Act include:
The Debt Agreement thresholds are likely to be increased moderately. Currently under the Bankruptcy Act if you owe unsecured creditors [...]
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Play Audio Interview (mp3)
While many business and industries are facing a downturn, one group’s flooded with work: debt counselors …, Anna Hpisley hears more from Anthony Warner, Chief Executive of Get Debt Free (Economy Business and Finance, Debt Management).
Broadcasted on 3/11/2008
18/02/10
THE economic hard times are beginning to bite, with thousands of people unable to pay their bills now desperate to cut a deal.
Debt agencies report they are working seven days a week as people, even those earning more than $100,000 a year, flood the phone lines asking for help in tackling credit card debt and [...]
18/02/10
LONDON (AFP) — Prime Minister Gordon Brown stepped up pressure on Iceland Thursday as Britain tried to establish how many hundreds of millions of pounds of local government cash had been in frozen Icelandic banks.
“What happened in Iceland is completely unacceptable,” he told BBC television. “I’ve been in touch with the Icelandic prime minister, I’ve said [...]
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18/02/10