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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. U

    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...
  2. hoppy

    csa debt and inheritance.

    Hi , my daughters child support was cancelled over 4 years ago due to her being over 18 , i know 4 years ago i had some arrears but haven't heard anything about it , im about to get an inheritance , will this debt be chased up or is it written off....Any help appreciated thanks.
  3. L

    Am I liable for this debt?

    In Nov 2021 I went bankrupt. I live in SA. There were couple of debts I left out thinking i could handle them, but i couldnt and i kept using them. So beginning of this month i added them to my bankruptcy which you can do, so i did. Would those 2 debts go under the Nov 2021 bankruptcy or...
  4. Student911

    NSW Debt without contract or paperwork!

    I am an international student who got a loan from my ex girlfriend when we were in a relationship without any contract or paperwork! I have been trying to pay back little by little through instalments but it has slowed down recently due to covid and all! Now she is threatening me with getting...
  5. ashwalk

    QLD Credit Corp Debt Recovery

    I am an Australian Expat living overseas since 2016, I believed that I had paid off all of my debt in Australia in 2017 including credit cards, and had stopped receiving any statements from the credit card company (I had been receiving regular monthly statements up until then). I have recently...
  6. jakeishac

    How does the Building and Construction Industry Security of Payment Act 1999 (NSW) operate in relation to debt recovery?

    Hi All, I have a legal question i would like some understanding on
  7. 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...
  8. 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...
  9. 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...
  10. 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...