debt

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Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.

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    NSW Have received a low settlement offer for unpaid invoices dispute, how to proceed from here in negotiating?

    So this post is an update to my original post found here. After being unable to resolve the dispute with Company discussed in the post linked above, I sent two Letters of Demand to Company (Registered Post tracked). After ignoring the first Letter of Demand, the second Letter of Demand...
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    VIC Debt

    My company has a magistrate order to pay but company is broke and no assets. Can they stop me from travelling overseas?
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    QLD Chronically disabled, will HECS/HELP debt be taken from inheritance from parents?

    My son became chronically disabled and was put on the disability support pension before he finished his degree ten years ago. He is not able to work and there is no cure for his illness, but he has a large debt for his law degree which is now growing because of indexation. When we pass away...
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    NSW Ex sold my car for her drug debt

    Is it a breach of avo for my ex to sell my car to her drug dealer to clear her debt...the car was taken without my permission and was stored at a location so i couldnt find it and then was given to her drug dealer to clear my ex's drug debt...since then several months later car was found 5hrs...
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    QLD Child support debt recovery

    Child support debt recovery question please. I am currently owed nearly $30,000 in child support and it is increasing at the rate of $30,000 a year, CSA were collecting the money from the paying parents wages. The paying parent has disappeared, possibly out of the country, he has nil assets on...
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    TAS Forced repayment of debt

    Hi, Sorry this is going to be a long one, I will try to keep it as short as possible. We lent a family member $100,000 (+10% interest), this was due to be paid back last November 2021 - here we are today, and they have only paid back $27,500.00. The family member is in the middle of a...
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    VIC Debt owed to company currently in process of being struck off by ASIC

    There is a debt currently owed to a company in the way of outstanding rent (deferred rent due to pandemic) on a commercial lease. This company is currently in the process of being struck off by ASIC (voluntary strike off by directors) as they have sold the commercial premises and the creditor...
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    NSW can I be held liable for anothers debt?

    Hi, due to mental health and terminal illness I am assisting a family member with sorting out some complex legal/debt issues. If I make a payment on their behalf can I then be made liable for the remainder of the debt? this debt is large, and has gotten out of control due to a long standing...
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    NSW Debt Recovery

    Is thare any way a creditor in the UK can recover a debt owed by an Australian company. I believe they are based in Sydney.
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    Can I refuse to pay debt collectors administration fee?

    Hi, we received a parking fine letter. It was from a hotel (what a shitty hotel, we had a meeting there, but apparently didn't validate the parking correctly), but it looks like they already passed it to a debt collector company who added a significant admin fee on top of it. We emailed the...
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