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Your Guide to Personal Bankruptcy: A Fresh Start

Posted by Revive Financial on Oct 20, 2016 12:00:00 AM

Before you rush into bankruptcy, you will benefit from learning about the process and alternatives that are available to you. By doing this you understand the path to your financial freedom and how to create a more stable and strong financial base for yourself.

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Topics: Bankruptcy

What is the Difference Between Bankruptcy, Liquidation and Administration?

Posted by Revive Financial on Apr 20, 2016 12:00:00 AM

For all company’s operating in our unstable modern economic landscape, it is vital to understand the differences between liquidation, administration and bankruptcy – before making any financial decisions.

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Topics: Bankruptcy, Company Liquidation, Voluntary Administration

4 Common Misconceptions about Bankruptcy

Posted by Revive Financial on Apr 13, 2016 12:00:00 AM

While many of us do attempt to save as much money as we can by budgeting and building funds, unfortunate circumstances do arise – sometimes without warning. This often results unavoidably in company bankruptcy or voluntary bankruptcy.

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Topics: Bankruptcy

Travelling and Bankruptcy

Posted by Revive Financial on Apr 6, 2016 12:00:00 AM

One of the terms you agree to when you declare bankruptcy is to accept certain travel restrictions. This does not mean you cannot travel overseas, just a process to go through. Your bankruptcy trustee serves as the person who can give you permission to leave Australia while bankrupt.

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Topics: Bankruptcy

What Happens to Your Assets During Bankruptcy

Posted by Revive Financial on Apr 6, 2016 12:00:00 AM

When you declare bankruptcy, you are wiping as much debt as you can from creditors to whom you owe money. Your bankruptcy trustee will act as an in-between in this compromise and help you settle your debts by selling or transferring your assets to the creditors.

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Topics: Bankruptcy

Property and Bankruptcy

Posted by Revive Financial on Apr 6, 2016 12:00:00 AM

A major reason people try to avoid bankruptcy is because it can mean losing your family home or other property assets you have. When you declare bankruptcy, you accept that your trustee will be selling the property to settle your debt. In some cases, you'll still be able to live in the house.

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Topics: Bankruptcy

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