Bankruptcy is a legal status that gives individuals a fresh financial start by relieving them of overwhelming debt. In Australia, the bankruptcy process is governed by the Bankruptcy Act 1966. While bankruptcy can offer relief from various debts, including credit card debt and personal loans, …
Dealing with debt can be a challenging and stressful experience, but it’s essential to remember that both debtors and debt collectors have rights and responsibilities. In Australia, the Australian Competition and Consumer Commission (ACCC) plays a crucial role in regulating the behavior of debt collectors …