Consumer advocates are up in arms about debt collecting agencies that are bankrupting Aussies over debts of just AU$5000. Forced bankruptcy, unlike voluntary petitions, is a legal process that creditors initiate to have a debtor declared insolvent to recoup their debts faster. In 2018, debt collectors filed over 500 bankruptcy cases, almost as many as … Continue reading Debt Collectors Sending Australians Bankrupt over As Little As $5000