I recently spoke to ABC Newcastle about the importance of controlling credit card debt to avoid problems with personal bankruptcy.

Most big banks offer customers balance transfer options which let you benefit from low interest rates for a certain period. But, a lot of people fail to destroy their old credit cards, therefore creating an increased risk of personal bankruptcies. We expect more vigilant action from the ATO in 2012 which could cause more businesses to fail. If you would like to discuss our specialist Business Recovery & Insolvency services and how we might be able to assist you, please phone our Newcastle office on (02) 4962 2688 or our Sydney office on (02) 8346 6000. Click here to read the full news story from ABC Newcastle.