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...
  3. M

    NSW Small Debt Claim - Verbal Agreement

    I entered into a verbal agreement with my daughter's ex boyfriend (boyfriend of 3.5 years at the time) to pay for his plane ticket to accompany us overseas. They broken up two months after, the ticket was cancelled and he refuses to pay for it. The ticket was non-refundable and non-transferable...
  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?

    My mum entered into a verbal agreement with an ex boyfriend (boyfriend at the time) to pay for his airfare to travel with us which he agreed to pay back. Total amount was $2,000. No contract was drawn up and signed (wish I did now though) but I have text messages and emails acknowledging that it...
  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?

    Hi. This is the first time visiting this forum, so thanks to all readers and contributors! I have two questions that relate to a Deed of Agreement, which covers an arrangement to repay a debt. 1. The document was executed by a Director and Company Secretary of a Pty Ltd company, but I have...
  9. P

    QLD Obligations After Receiving Summons - Debt Enforcement Hearing?

    Enforcement hearing obligations: I have been served a summons to appear in court for an enforcement hearing regarding $30,000 that I was ordered to pay over a motor vehicle accident. In the letter they have demanded I produce all bank account statements for the last two years. What are my legal...
  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?