Debt Agreement

A debt agreement is a legally binding arrangement between the debtor and his/her creditors that must be accepted by the majority (in value) of creditors who vote on proposals.

The debtor can offer to pay creditors in instalments or a lump sum payment that may be less than the full amount owed. The debtor can also propose a freeze on debts for a set time. The value of unsecured debts, assets and after-tax income must be under certain limits to propose a debt agreement.

Personal Insolvency

Sometimes a person can find themselves facing unmanageable debt, which can only be resolved by a formal appointment to facilitate the repayment of creditors.

Our Registered Trustees have the experience and knowledge to offer the optimal advice to ensure the greatest outcomes for all parties.

For more information, please click on the link below to contact one of our advisors.

02 9234 0444