debt help

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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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  1. R

    Bankruptcy Discharged but ATO Tax Debt Unfinalised?

    I declared bankruptcy in 2010 and was discharged in 2013. In my initial application for bankruptcy, one of my creditors was the ATO. During the period of 2010-2013 when I received my Notice of Assessment, it showed a balance of zero after I had paid any outstanding amounts for that year . Just...
  2. Jacki

    QLD Property Settlement - Is HECS Debt included?

    I would like to know if a HECS debt by one party is to be included in property settlement. Consent orders are already drawn up and lodge with court back in 2012 however party is now saying his HECS debt should be included and wants me to take on a % of this debt. I was advised at time by my...
    • Jacki
    • Thread
    • consent orders debt help family law hecs legal aid property settlement
    • Replies: 8
    • Forum: Family Law Forum
  3. M

    NSW Small Debt Claim - Verbal Agreement

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  4. M

    QLD Car Loan Debt After Separating from Partner - Legal Options?

    I am looking for some legal advice in regards to a car I currently have under finance with my ex partner. When we split a year ago we both made the agreement he would take the $35,000 car - as he wanted it, on the grounds that he’d remove my name from the title of the car and the car loan...
  5. M

    NSW Personal Loan to Ex Boyfriend - Small Debt Claim?

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  6. S

    QLD Exposed to Debt by Taking Over Company?

    I have a court order that I must take over a company from ex wife. Does she have to expose to me to debt if any that is under the company name? Help!
  7. B

    NSW Centrelink Claims I Owe Money - Can I Fight This?

    I moved out of home back in 2012 when I was 17 due to complications at home and I was receiving the study allowance from centrelink and at that time my parents were separated. So in march this year they reunited. They informed Centrelink and filled out the appropriate forms all while I was...
  8. J

    QLD Deed of Agreement to Repay Debt - Execution Problem?

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  9. P

    QLD Obligations After Receiving Summons - Debt Enforcement Hearing?

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  10. S

    QLD Gym Membership - Incorrect Direct Debit Amount?

    If a company enters an incorrect amount for a direct debit payment situation, as in an ongoing gym membership (Less than it was supposed to be), would the gym member be liable to pay the difference when the error was discovered?
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