Despite Australia seemingly missing the worst of the Global Financial Crisis, there is no question that these are difficult economic times. To many people, it is a struggle just to pay the bills each month.  Other people are in an even more difficult situation and, with each passing day, they are falling even further behind.  What do they do?
Debt consolidation and bankruptcy are two options available for those who are deeply in debt.  However, is one option better than the other?  Which option is right for you?
Debt Consolidation
Debt …

The internet is full of sites dedicated to helping you get out of and manage debt. Bookstores have whole sections devoted to the same thing. But sometimes you need more urgent help than that. Debt snowballs, budgets, and long term money management programmes are great, but they won’t help you if you are on the verge of bankruptcy.
Here are 10 tips to help you avoid the dreaded ‘B’ word.
Stop spending
As shocking as it may be, many people on the road to bankruptcy never stop spending …