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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  1. S

    NSW Debt Colletion

    I have an ongoing court case against a person who does not have a fixed asset. The partner had property but which was recently sold during the court case proceeding. I would like to seek help if I would be able to recover judgment debt after the court hearing. so as to make a decision if it is...
  2. J

    QLD Fraudlent Affidavit over court case to recover debt

    Hello, I have a slightly odd case that I am needing some help with. I enrolled my boys into a private school, at the time I was using the boys child support to cover the school fees. The boys father then stopped paying child support and I fell behind in school fees. I was offered by the school...
  3. S

    VIC Civil Debt

    Hello, My sister and I are equal executors in our parents Will (both parents now deceased - dad 15 years ago and mum 2 years ago). We have received Probate. We have inherited a secured debt (flexible line of credit approx 80K) to which I continue making monthly repayments. (Our home was...
  4. B

    Debt of deceased with no will

    My father passed away a couple of months ago now. I want to finalise his services such as email, phone, etc but there are a couple of complications. He had no will and no estate. He has a loan for an amount I do not know as well as a bill with his internet provider. I would like to know if I...
  5. B

    QLD Deceased with no will and debt

    My father passed away a couple of months ago now. I want to finalise his services such as email, phone, etc but there are a couple of complications. He had no will and no estate. He has a loan for an amount I do not know as well as a bill with his internet provider. I would like to know if I...
  6. C

    NSW Body corporate incurring debt

    I have had body corporates incurring debt in my name for works in my units without consulting me and then making out I owe them money. Most of it is really whacky stuff they cant even explain. I do not live at either property. Can they incur debt in my name without my authority
  7. Reza1991

    VIC Pay dispute and debt collectors

    Hi forum! I’m new here. But I would really appreciate your expertise and legal advice regarding the following situation. I was an independent contractor that was let go from the old job. Because I didn’t want to receive a pay cut. Once I left I didn’t receive my last months pay because they...
  8. G

    VIC Debt Recovery

    Hello About 12 month ago i attempted to send $4500 from Australia to Vietnam. My first 2 attempts showed insufficient funds or amount above my daily limit My third attempt was successful I immediately recieved a call from western union asking for what reason i had sent the money $4500 to...
  9. C

    NSW Acting on an unpaid debt

    Hi Everybody, Just looking for some guidance on how to navigate the process of enforcing payment of an unpaid debt. I'm sorry for the long-winded post but more information is better than less. I'm sure the problem is quite common. Firstly, I'm a one man company with an engineering consultancy...
  10. EmmaLouise1

    SA Speeding fine debt forgiveness.

    Somebody I know has speeding fines of over $30000 left to pay, as he does not earn alot of money, he has a payment plan organised for $50 a fortnight, paying off $1300 a year. he got these fines a long time ago, and was actually jailed for driving offences and since then, learnt his lesson, and...