If you are like the many who have been struggling with debts and were thankful for the relief given by the government. This news is not good (make sure you are sitting down). All government relief will end on the 1st January 2021. This will mean that debt collectors will begin knocking on the door […]
In the office we have recently spoken to many potential clients who are reluctant to go into a debt solutions as they feel a duty to ‘do the right thing’ by their creditors (people they owe money to). The Armada team spend a lot of time trying to make our clients understand that the most […]
The Morrison Government will undertake the most significant reforms to Australia’s insolvency framework in 30 years as part of our economic recovery plan to keep businesses in business and Australians in jobs. The reforms, which draw on key features from Chapter 11 of the Bankruptcy Code in the United States, will help more small businesses […]
In September, the Government cut back the coronavirus supplement for JobSeeker recipients and others on some government payments. The $550 coronavirus supplement, which effectively doubles JobSeeker to $1,100 a fortnight, was slashed and other changes are on the way too. Here’s what you need to know. The JobSeeker payment is changing If you’re single with […]
THE ATO AND OUTSTANDING DEBTS It has been stated in many publications that the Australian Tax Office (ATO) is currently owed approximately $20 billion – This is not a typo, that is “billion” with a “B”. If you have a ATO (Australian Tax Office) debt less than $100k then you may have been advised or […]