Recently we have witnessed some horror stories of rip offs and scamming by shady operators within the liquidations and bankruptcy industry. You will even find operators that have created their very own associations so to appear to represent credibility around their business brand. Be warned these associations provide nothing more than smoke and mirrors and a false sense of hope.

The other signs to look out for are insolvency practitioners that appear to operate a national and or International operation by setting up service office addresses on their websites. The reality is these guys are back seat operators that’s right they operate out of their motor cars. When you speak to them you will be told that you are talking to a partner of a national and International insolvency firm but the reality is what you are being told is all false misleading and total BS.

Now that we have cleared up the illusion of shonky insolvency business operators, we are more than happy to provide all our clients with good solid insolvency advice that makes great sense to save you dollars. We will not have you sign service agreements that have lots of small print or service agreements that sign over your assets, your rights or powers. We operate above the board not below the table.

For real solid insolvency advice and bankruptcy help give us a try Insolvency Professionals, when real results matter we care.

As the leaders in Insolvency Services on the Gold Coast, you couldn’t ask for a better team to assist you! Their professionals are all highly trained experts with exceptional qualifications! Their knowledge is waiting for your problem! Their goal is to assist you with all your debt, credit repairs, bankruptcy and will even help you work out strategies on how to stay out of debt and become bankrupt again!

Insolvency Professionals will always keep all your problems private and confidential between yourself and your Insolvency Professional! Don’t let your family down and get out of debt today! Put a stop to being bankrupt and call the Insolvency Professionals today on 1300 238 879 to organise your free consultation.

Insolvency Professionals know how hard it can be with money these days and how much of a burden it is on most people, that’s why they offer free consultations for you! Never underestimate how far the professionals can take you, and just how much of their advice can get you out of bankruptcy or debt, no matter how far deep you are. What have you got to lose when booking a free consultation? Nothing to lose and everything to gain! So what are you waiting for?

Call Insolvency Professionals today on 1300 238 879 for your FREE consultation!

If you’re in need of a helping hand with your finance, Insolvency Professionals can assist you with:

• Bankruptcy
• Debt Help
• ATO Tax Debt
• Gambling
• Liquidations
• Loans
• Credit Repair

Don’t waste your time with other companies who don’t know what they’re talking about, and use Insolvency Professionals as the company for you! With their thorough knowledge of the law and finance industry you won’t have to worry about getting the right advice!

Get your finances under control and clear your credit ratings today with Insolvency Professionals! Give the experts a call on 1300 238 879.

Insolvency Professionals are the most knowledgeable in the industry when it comes to bankruptcy and assisting clients with it! Whether your bankruptcy has been cause by uncontrollable loan/credit repayments, loss of job, gambling addictions etc, Insolvency Professionals will work beside you to get you out of debt!

At Insolvency Professionals, they understand that bankruptcy is an embarrassing topic to talk about. The professionals will keep your whole meeting private and confidential so nobody else will know about it except for you and your Insolvency Professional! There’s no need to be embarrassed about bankruptcy when you go to the professionals at Insolvency, they will gladly fix up the mistakes you’ve made along the way.

Take their advice as a learning curve to prevent yourself getting into bankruptcy again! Insolvency Professionals can even help you erase your bad credit ratings, so give them a call today on 1300 238 879!

Insolvency Professionals are a group of professionals who thrive off assisting everyday people like you with their money stresses. With their team of knowledgeable experts you can’t go wrong with selecting Insolvency Professionals! They will accommodate for your particular debt circumstance and ensure that you get the best advice around.

If you need assistance with:

Credit Card Debts
Loan Debts
Loan and Credit Card Application Knock Backs
Liquidation
ATO Tax Debt, then Insolvency Professionals are the professionals to turn to!

Don’t waste your time with inexperienced debt professionals! When you choose Insolvency Professionals as your guidance when you’re in need of debt support, you will be glad you hadn’t gone to any other company! Their experience will blow your mind! Getting you out of debt will always be their number one priority the whole time and with their honesty, reliability and results, there are none better within the business.

To get in touch with Insolvency Professionals call them on 1300 238 879 to free yourself again!

We can help you eliminate it.

Here’s why the banks and credit card companies keep extending you lines of credit, it is down right criminal.

The Dirty Filth Facts On Credit Cards Revealed; Did you know A credit card debt of $10,000 at 18.5% pa will take 62 years and 8 months to repay based on the minimum monthly repayment of 2% per annum.

Did you know that money problems are one of the leading causes of personal stress, depression and relationship breakdowns?

Over on third of Australian couples have admitted to having money problems.

So what can you do if credit card debt is taking over your life? Remain calm and help is closer than you think, Insolvency Professionals can help by negotiating a new arrangement with your credit card company on interest or a lower lump sum payout in some cases we have saved our clients up to 80%.

The other way around credit card debt is debt consolidation it is an easy, cost effective way to bring all your debts (including credit card debts) together into one payment that you can remain disciplined in paying. Unlike other insolvency and financial assistance companies, we know that everyone’s situation is unique and different. We understand what you are experiencing can be hard and stress related so we are careful to treat you with the sensitivity your situation deserves. If you have bad credit or if you are struggling to pay your credit card debt, then credit card negotiation or debt consolidation may be the best solution for your situation.

Insolvency Professionals Help By:
Eliminating your credit card debt(s)
Helping you take back financial control of your credit card(s)
Saving you money on interest payments
Negotiating lower interest repayments or Reduced lump sum payouts
Make one payment instead of several
Providing tips to reduce your current Credit Card Debt

Stop being a slave to credit card debt we provide Financial Freedom Through Debt Consolidation

Call Insolvency Professionals on 1300 238 879 to find out more on Debt Consolidation, Credit Card Debt Negotiation or Credit Repairs.

A Part IX debt agreement is a legally binding agreement between a debtor and their creditors. A Part IX Debt agreement is a flexible alternative to bankruptcy.

Who can enter into a Part IX Debt Agreement?

The Part IX debt agreement system is only to be used where the debtor is insolvent, i.e. unable to pay their debts as and when they fall due. It would undermine confidence of the system of credit and the debt agreement system if the debtor were solvent.

Information about the current amounts of the limits can be found at on the ITSA Indexed Amounts fact sheet.

More on Part IX Debt Agreements?

An insolvent debtors’ best offer to their creditors is determined based on an analysis of their expected income from all sources, household expenses and circumstances. The debtor must prepare an achievable and sustainable offer to their creditors or their offer may get refused.

All Part IX debt agreement proposals must comply with the wide range of requirements such as eligibility; clarifying aspects of proposals to ensure creditors are well informed to make a decision on their vote; and conducting the voting process with creditors. For more information on this area you can review it on the ITSA website. ITSA maintains the National Personal Insolvency Index (NPII) to ensure it reflects the status of the agreement.

The Part IX debt agreement proposal is sent to creditors to vote upon. It may be accepted or rejected by creditors. A proposal is accepted if a majority of creditors in value vote in favour of the debtor’s proposal.

Some examples of the kinds of proposals offered are:

• Periodic payments of amounts out of the debtor’s income to creditors, equal to or less than the full amount of all of the debtors provable debts
• Lump sum payment of less than the full amount of all of the debtor’s provable debts
• A moratorium on payment of debts
• Payment from the proceeds of sale of property owned by the debtor

All creditors with provable debts at the time the debtor’s details are entered onto the NPII are bound by the agreement, even those who voted against the proposal. Creditor’s debts are fixed at the date the proposal was entered on the NPII; interest does not accrue; and creditors cannot take or continue action against the debtor to collect their debts.

The debtor is liable for further debt incurred after ITSA accepts the proposal to send to creditors for voting.

If you are on financial hardship and are finding it hard to make ends meet a Part IX debt agreement may be the best solution for your circumstances. To find out how Insolvency Professionals can help and assist with preparing and lodging your a Part IX debt agreement on you behalf call us today on 1300 238 879.

For instance, there are many insolvency and restructuring businesses that advertise that debt negotiation is one common debt relief program that offers benefits to the debtor. It saves money since you will get to pay a reduced amount from the original amount of debt you owe, it will save you time as professional debt negotiators will be the one discussing this debt reduction process on your behalf. If you are able to choose a reliable and sound debt relief program, most people with debts find themselves free of debt within a reduced period of time at a lower interest rate.

However you need to keep in mind that there are many scam merchants claiming to look after and protect you when all they are doing is looking after themselves and ripping you off.

Common Scam Techniques

While there are several legitimate debt relief companies available in the insolvency industry, there are a few others who are looking to take advantage of people’s urgency to settle their debts. Like with legitimate debt relief companies, they offer debtors a promise of the opportunity to become debt-free. Sadly though, they most often target individuals who are desperate to find debt relief since they cannot afford to lose their money.

There are a several common tell-tale signs that the debt relief program you are dealing with is a scam. Hence, identifying them will help you with whom to trust and whom not to trust in terms of finding solution for your debt problems.

Charging to Fix Your Credit Report

There are a few debt relief programs who offer their services of cleaning out your credit report and any errors with massive fees. This process is quite intricate, which is the reason why most people often opt to hire professionals to do it for them. However, you need to be extra careful with choosing since some of them can be outright deceptive. Another reason why such claims are considered scam is that you can fix credit report free of any charge. There are  credit reporting agencies including Veda from which you can acquire a free copy of your credit report. When you have the copy, study it for any false information or suspicious transactions.

Loaning To Fix Bad Credit

This particular scam is a very deceptive technique and affects debtors in two ways. First, you are charged for a loan that you are not even qualified for to begin with. Therefore, the money you spend trying to settle the loan is put to waste since you could have used that trying to settle off your previous credit card debts. Next, although your creditor makes claim that you have loaned out money, you never get to receive any money. Worse thing is, these scams do not provide you with a legitimate company name so they basically run away with your money while you are left with no way to trace them.

False Identity

This is a sure sign that you are dealing with bogus credit repair companies. When they ask you to create a new credit identity to attain a high credit score, then you need to recognise that this is a complete illegal move. Even if you are unfamiliar with legal laws, then everyone might be aware that creating false identity is a clear violation of law.

Therefore, make it a point to screen out the credit repair or insolvency company you are dealing with before you decide to work with them. If you are serious about getting rid of any credit card debt you currently have, then opting for illegal means is not the best way to do it. Moreover, being subjected to scams would cause you more money loss that could have been used to pay off your credit card debts.

Insolvency Professionals deals with many credit repair and debt related files on a daily basis, we pride ourselves on professional, ethical dealings. We do not create false documentation or creditors we fight for your rights and stand by you every step of the way. If you feel that you need help with credit card debt or credit repair the Insolvency Professionals are standing by to help you right now, phone 1300 238 879.

We have Credit Card Debt and Insolvency Specialists on the Gold Coast, Sunshine Coast, Brisbane, Sydney, Melbourne, Perth, Adelaide, Darwin and now Cairns.

Insolvency Professionals are currently working with local Brisbane business owners 7 days a week because of the rise in Brisbane businesses owners being served with either a Directors Penalty Notice or a Stat Demand from the ATO.

The ongoing rise in bankruptcy and insolvency related issues are a concern with many business owners trying to hold on and fight a loosing battle. Bankruptcy is more than often the best solution especially when business is tough in a slowing economy a collapse in the building industry and higher unemployment, credit card debt, lack of tourism with our high Australian dollar and a lack of confidence in our current federal government are all contributing factors to record high bankruptcy cases being filed.

You motivation for bankruptcy may include large tax bills, overdue rents and lease payments, rising electricity costs, mounting credit card debt are all contributing factors to financial stress and then on top of all this the Australian Taxation Office sends out a DPN notice then it’s all over.

If you believe you may be trading insolvent and have debt concerns including overdue taxes DO NOT DELAY contact Insolvency Professionals before you receive a Directors Penalty Notice we can help you Phone: 1300 238 879 today.

Insolvency Professionals helping Brisbane business owners with Insolvency, Bankruptcy and Financial Stress related matters.

Credit card balance transfer offers a very poor choice if you:

• can’t pay back the whole outstanding balance within the transfer period
• are likely to make new purchasers on the low interest credit card
• ever use the credit card for a cash advance

If you find yourself becoming tempted by any of the above do not fall for the low balance transfer deal. you would be much better off shopping around for a credit card that provides an ongoing low rate . You could then ask your credit provider to transfer your high rate interest card to your new account this will give you a far better deal over time by saving you money and false reality.

Better still why not consider taking out a fixed rate personal loan it will provide you with the discipline needed to repay the whole debt without being tempted to spend up to your limit again.

Here’s Why You Need to Be Careful

A recent financial study on 90 balance transfer deals had interest rates that jumped to 15% and above at the end of the balance transfer period. With the GE eco MasterCard ripping card holders off with a massive 22.49% on new purchasers made during the transfer period. If you still owe money on this card when the balance transfer offer ends, the whole outstanding balance, along with the new purchases, will accrue interest at the 22.49% rate.

The GE eco MasterCard also has the highest rate for cash advances “also 22.49%” . You need to be very careful even some credit cards that offer a relatively low purchase rate charge interest at 21% + for cash advances so avoid using these at all costs especially at ATM machines.

If you are struggling with credit card debt and are stressed out because you can no longer cope, let Insolvency Professionals negotiate a credit card reduction for you. To find out more on reducing credit card debt contact Insolvency Professionals  now on 1300 238 879.

Are you finding hard to pay your credit card debt off?

Are the minimum monthly credit card payments drowning you in debt?

What if there was a way that you could reduce your credit card debt or stop paying interest by up to or more that 80%.

Yes that is right Insolvency Professionals are saving hundreds of Australians thousands of dollars by reducing their credit card balances. Many credit card companies have irresponsible lending habits and provide young families or desperate people with credit cards with high credit availability. This is wrong and down right pathetic at Insolvency Professionals we have researched all the credit laws from back to front and have found ways that we can negotiate on your behalf with your current credit card companies to reduce the balance owing either as a lump sum payment or over a scheduled payment program. A lump sum payment will normally be the cheapest option, a payment schedule will be less attractive because of the default risks associated. If we do negotiate a payment schedule we will get all interest rates frozen on your behalf.

The biggest issue you will need to consider is that many credit providers may try and mark your credit history for negotiating a lump sum payment reduction, however we guarantee that they will not be able to do this as we protect your credit history during the process. However the credit provider may decline to extend future credit to you in the future or for some period of time. This is something you need to consider but when considering remember credit card debt is a trap and the last place you want to end up is back with credit card debt again.

Insolvency Professionals helping more Australians with financial hardship by dealing with issues like credit card debt. If you have credit card debt and can’t meet your monthly commitments contact one of our credit card debt reduction specialists on 1300 238 879 today.

Insolvency Professionals are known as the bankruptcy and insolvency guardians of the insolvency industry. We will work with you, your creditors, your lawyers and accountants to provide negotiations, practical advice and solutions to protect your financial future. Contact our team of professional insolvency experts today for an obligation free consultation to discuss you financial health check 1300 238 879.

As your dedicated insolvency guardians Insolvency Professionals should be your first and only choice when it comes to Personal Insolvency Agreements, Section 73 Proposals, Part 9, Part 10, DOCA’s, Company, Corporate and Personal Liquidations.

We can demonstrate ways to restructure your business to help you save money and preserve profits in these trying financial times, we have teams of insolvency, bankruptcy experts in every major Australian city including the Gold Coast, Brisbane, Sydney, Melbourne, Adelaide, Perth, Canberra and now Cairns.

With in-house insolvency lawyers, highly-trained forensic accountants standing by to quantify your loss, should the need arise, our insolvency and reconstruction specialists are waiting to help you through your current debt crisis.  Not Everyone’s personal financial situations is the same we understand your case is unique and highly sensitive and at Insolvency Professionals we have a unique position as the only credible National Pre-Insolvency firm that will respond rapidly.

Insolvency Professionals is headed up by Paul Klerck and Nick Stone a highly respected insolvency lawyer. We remain in-touch with the latest industry thinking, training, networks and the insolvency industry best practices so that our highly skilled team can find a strategy that best suits your needs and financial outcome at the time.

Contact one of our insolvency guardians today to find out how we can solve your financial issues before they become bankruptcy problems on 1300 238 879.

Paul Klerck former director of Insolvency Guardian has teamed up with Nick Stone of Stone Group Lawyers. Nick is an insolvency lawyer that knows and understands the bankruptcy act and all aspects of bankruptcy including Part 9, Part 10, Section 73 Proposals.

If you need insolvency help you are not alone with many people facing financial hardship currently it makes good sense to get real bankruptcy advice. Going bankrupt does not have to be the end, in most cases our clients feel relieved they are no longer ham strung by massive debt and financial stress.

Insolvency Professionals will provide a free no obligation bankruptcy appraisal for all potential bankruptcy clients. We will carry out a financial health check on you or your business and then establish the best path for you to move forward. You may not even need to file for bankruptcy if we can negotiate debt reduction with your creditors. If you need to file for bankruptcy we may be able to have you out of bankruptcy within 6 months or less by having your bankruptcy annulled, credit history cleared and your back in business.

Contact Insolvency Professionals now on 1300 238 879 for more information on annulling bankruptcy, going bankrupt and insolvency help.

Compositions and arrangements are offers made by bankrupts through their trustees to finalise their debts under bankruptcy. The creditors vote on whether or not to accept such offers.

An offer:
may involve assets already in the bankruptcy
may include other money or assets that would not normally be available to creditors, such as money provided by a relative.

These offers benefit creditors as they receive a dividend that would not be otherwise available. All creditors will receive an equal rate of dividend unless your offer provides otherwise.

Your must have a written and signed offer that is lodged with the trustee:
setting out the terms
providing for the payment of the trustee’s fees and expenses.

Before finalising your offer and asking your trustee to call a creditors’ meeting to formally consider it, you should discuss:
the requirements for making an offer with your trustee
any proposed offer with major creditors to find out if it is acceptable.

Your trustee may:
require a deposit to cover the expenses and fees of the meeting, or
refuse to call a meeting if the offer does not make adequate provision for the payment of trustee’s fees that have been approved by creditors and cannot be taken out of the estate.

If you want more information on  s.73 composition / section 73 proposal contact Insolvency Professionals today 1300 238 879.

With the massive amount of people filling for bankruptcy many people file and do not realise what they are filing. When filing for bankruptcy there are certain bankruptcy obligations that need to be met.

With bankruptcy in Australia at an all time high the bankruptcy act must be followed when declaring bankruptcy even in the case of voluntary bankruptcy even personal bankruptcy.

Insolvency Professionals are here to help you if your are going bankrupt and need bankruptcy help. Our team of insolvency specialists headed up by Paul Klerck former director of Insolvency Guardian and Insolvency Lawyer Nick Stone understand bankruptcy better than any other bankruptcy practitioners.

From the initial bankruptcy process we will help you apply for bankruptcy. So if you are ready to declare bankruptcy we are here for you, ready to help you right through the complete bankruptcy process.

We can even demonstrate ways that we can have you out of bankruptcy in 6 months or less with a clean credit file. To find out more on all our bankruptcy solutions call Insolvency Professionals today 1300 238 879.

Bankruptcy is not the end of the world, it some cases it can bring new beginnings for most people that have been stressed out over mounting debt and financial hardship.

So what happens when you become bankrupt?

Bankruptcy will generally lasts for a period of three years but in some cases can be extended depending on the circumstances. There will be a permanent record of your bankruptcy on the National Personal Insolvency Index (an electronic public register which can be accessed by anyone for a fee).

Your creditors will be notified of your bankruptcy and unsecured creditors should stop pursuing you for payment of your debts as they now realise you have nothing to offer or provide.

Once you file for bankruptcy a trustee will be appointed to your bankruptcy case. In order to pay your creditors, the appointed trustee will:

• sell your assets (although you will be able to keep certain types of assets)
• mandate contributions from your income once you earn over a certain amount
• investigate your financial affairs and may recover property or money that you have transferred to someone else for inadequate consideration

The duties of a trustee are specified in legislation, trustees must adhere to certain standards while administering your estate. You can choose to appoint a registered trustee by obtaining and providing their consent when you lodge your petition to become bankrupt. If you do not choose a trustee, the Official Trustee (ITSA) is initially appointed to administer your estate. Your creditors may choose to change the trustee at any time.

In closing always remember that creditors can also apply to the court to make you bankrupt if they can satisfy the court that you owe them money above a minimum amount.

NOW THAT YOU UNDERSTAND “WHAT BANKRUPTCY IS” Contact Insolvency Professionals on 1300 238 879.

Change of name or address

• You are required to notify your trustee of all changes of name and/or address.

Overseas travel

• If you wish to travel overseas you must obtain the written permission of the trustee administering your estate who may impose conditions of travel. You may have to surrender your passport to your trustee.

Change in income during bankruptcy

• You must notify your trustee of any change in your income especially if your new income is close to certain income threshold limits.

Changes in assets during bankruptcy

• You must notify your trustee if you inherit any property, win money or otherwise receive any assets while you are bankrupt.

Cooperating with your trustee

• You must cooperate with your trustee and provide information when requested. You may also be asked to attend meetings, or answer questions at an examination under oath. If you fail to cooperate with your trustee, your period of bankruptcy can be extended under certain circumstances.

If your bankruptcy is being managed by the Official Trustee (ie ITSA), you can access forms for change of address and overseas travel requests online.

If your case has been assigned to a Registered Trustee, you need to contact them directly when your circumstances change.

Considering bankruptcy? Contact Insolvency Professionals 1300 238 879.

There are many insolvency professionals offering a wide variety of advice to their clients including accounting and forensic examination of financial records. Our professionals are specialists: we provide specific positive advice on credit repair, corporate insolvency and bankruptcy on the Gold Coast, Brisbane, Sydney, Melbourne, Adelaide and Perth pinpointing the precise financial and legal issues and devising strategies to counter the effect of bad debt.

Our trained professionals are ethical in their approach and we provide the right advice the first time. We know the issues and we know the solutions.

Do not settle for second best, or polished up smooth talking suited up salesman that know very little of Insolvency and bankruptcy law. We refuse to be part of the boys club we support you our client. Call the real deal “Insolvency Professionals” today on 1300 238 879.

There are two flow on effects of corporate insolvency for company directors. The first is the issuing of Directors Penalty Notices. The direct correlation of taxation debt on the company and the personal liability is clear in this example. The second is financial pressure involved in dealing with company debt and creditors on directors personally injecting capital into their business.

The decisions are difficult in both situations. Many of our clients are turning to bankruptcy before their financial circumstances get out of control.

Our professionals are trained to identify the key issues in financial hardship and devise an exit strategy to stop the financial hemorrhaging.

If you need assistance, call Insolvency Professionals on 1300 238 879.