IRD and Student Loan Debt, New Zealand
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Bankruptcy Applies for 3 Years

30/1/2019

 
New Zealand bankruptcy gets rid of New Zealand student loan debt. In most cases bankruptcy lasts for three years.

When you apply for bankruptcy you declare your income, debts and assets etc. 

In most cases there will be a flurry of communications with the Official Assignee's representatives at the time of applying for bankruptcy, and in the few weeks thereafter. Some people never hear anything further but it is important to remember that the bankruptcy rules still apply. This includes things like advising the OA if your circumstances change and being aware that the OA may claim assets that you acquire during the bankruptcy. So, if for example, you saved up some money during the bankruptcy that money could be seized by the OA. If they found out about it after your discharge there would still be risk.

Recently we have noticed a flurry of communications from the OA to people who have been bankrupt for some time. The OA is seeking detailed information about the bankrupt's current circumstances. If you receive such a letter it is very important that you reply accurately, and on time. Our consistent experience with the OA is one of professionalism and reasonable flexibility, however, they do not tolerate misleading information or the failure to adhere to deadlines. If you cannot keep to a deadline it is important that  you seek a formal extension before the deadline date (which will probably be granted if the request is reasonable). If you have any concerns about your information we can help you with the issues and by negotiating with the OA if there are issues.
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Hardship Application/IRD Negotiation Testimonial

29/1/2019

 
There's no better feeling than being able to get a great resolution for a client. In this case we negotiated a successful resolution with the IRD, including a hardship application. We commenced acting in late 2018. The client needed additional time to get some of his documents together and the IRD were helpful in allowing an extension of time until early January. Within one day of the additional documents being provided to the IRD, the application was approved. In some cases negotiations can take much longer, but this is an example of what is possible. Our client asked to provide a reference and this is what he had to say:​

I had buried my head in the sand for a number of years over my student debt and didn't realise how much the lingering anxiety was affecting my frame of mind. I contacted studentloan.org.nz with no expectations and found Kristina's service to be affordable, prompt and all about finding a solution. I'm overjoyed about the outcome and as they say, moving on with my life.  If you are at a standstill with student debt this is the path to choose. It starts with one email, send it today!

Have a great weekend
"D" in freezing London

Doing Nothing About Your Debt Won't Make it go Away

28/1/2019

 
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Kentucky student loan foregiveness program for teachers

27/1/2019

 
Student loan debt burdens are common across the English speaking world, but in Kentucky they've come up with a solution to encourage teachers to become more highly skilled while having their student loans forgiven.

In Auckland many teachers can't afford to live because of sky high property prices, and modest pay rates. The thought of having to take on more debt to improve qualifications is unlikely to make sense. Perhaps our country should be looking at best practices internationally to ensure optimal access to a quality education that benefits not just the student, but the community.

Guaranteed successful NZ bankruptcy applications

14/1/2019

 
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Please email us now if you need help.

New Year. New You?

7/1/2019

 
If you haven't yet dealt with your student loan debt issues, now is the time to do so so that you don't spend the rest of the year worrying about it. If you live overseas, your debt is large, and you have no assets,  a New Zealand bankruptcy may be the most effective way to deal with the problem. 

We provide a  100% guarantee on bankruptcy applications being successful (providing you provide all necessary information).  You can become bankrupt in as little as 2-3 weeks of starting the process (or longer if you prefer).

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