Debt Solutions for individuals & sole traders

• It’s a legally binding arrangement between you and your creditors, where you agree to repay a percentage of your debts (could be 20-30%) over time (typically 3 years) based on what you can reasonably afford. Payments can be made weekly, fortnightly or monthly. Once the agreement is in place, creditors are bound by its terms and can no longer pursue you for the full amount.
• Part IX Debt Agreements are suited to individuals with: 
  • Low income (less than $107,793 after tax) 
  • Few assets (cannot exceed $287,305); and 
  • Unsecured debts (cannot exceed $143,652). 

Stop the calls!!

It’s a practical way to resolve your debts without going bankrupt.

 Key Benefits of a Part IX Debt Agreement:

• Stops Creditor Pressure
  Once the agreement is active, creditors must stop all collection action no more calls, legal threats, or payment demands.
• Affordable, Fixed Payments
  You’ll only pay what you can afford, usually through one manageable regular payment.
• Interest and Penalties Frozen
  In most cases, interest and ongoing fees are frozen once the agreement begins.
• Avoids Bankruptcy
  A Part IX Agreement gives you a fresh start without the long-term consequences of formal bankruptcy.
• Debt Forgiveness
  At the end of the agreement, any unpaid debts covered by it are written off.

We know how stressful debt can be. That’s why we’re here to simplify the process and support you every step of the way:

• Free, No-Pressure Consultation
  We start with a confidential chat to understand your financial situation and explain whether a Part IX is the right solution for you.
• Fast, Accurate Assessment
  If you're eligible, we’ll prepare a proposal tailored to your circumstances, making sure it’s fair to both you and your creditors, then provide an introduction to a Registered Debt Agreement Administrator. 
• End-to-End Management
  We handle all the paperwork, and communication with the Registered Debt Agreement Administrator, so you don’t have to.
• Ongoing Support
  Once your agreement is in place, we’re here to help you stay on track with payments and move forward confidently.

Get Back in Control

A Part IX Debt Agreement can be the lifeline you need to deal with unmanageable debt, without going bankrupt.

Contact us today to book your free consultation and find out if you’re eligible.

• It’s typically used by individuals with larger debts or more complex financial situations who want to avoid bankruptcy. The agreement outlines how you’ll repay your creditors, either as a lump sum, through instalments, or via asset sales.
• Once accepted, the agreement is legally binding, and creditors must stop all enforcement or collection action.

 Key Benefits of a Part X PIA:

• Avoids Bankruptcy
  A Part X allows you to deal with serious personal debts without entering full bankruptcy.
• Flexible Repayment Options
  Agreements can be tailored whether you’re offering a one-off lump sum, a payment plan, or part of your assets.
• Stops Legal Action & Collection Calls
  Once in place, creditors can’t chase you for debts covered by the agreement.
• Tailored to Complex Financial Situations
  Ideal for those with higher incomes, assets, or business involvement where bankruptcy isn’t the best outcome.
• Clean Financial Reset
  On successful completion, the remaining unpaid debts included in the agreement are released.

We understand that high levels of personal debt can be overwhelming, especially when there’s pressure from creditors or legal action. Here’s how we support you:

• Free Confidential Assessment
  We begin with a free consultation to understand your personal and financial situation, and whether a Part X Agreement is suitable.
• Tailored Proposal Development
  We’ll work with you to put together a fair, affordable offer that balances your capacity to pay with creditor expectations.
• Appointment of a Trustee
  We handle the formal appointment of a registered trustee to manage the agreement and act as the point of contact for creditors.
• Negotiation and Communication
  We manage all interactions with the registered trustee, taking the pressure off you entirely.
• Guidance Through Completion
  We remain by your side through the life of the agreement, making sure you stay compliant and on track.

A Smarter Way to Settle Debts

If bankruptcy isn’t the right option, a Part X Agreement can give you a structured, dignified path forward.

Contact us today for a confidential discussion to see if a Personal Insolvency Agreement is right for you.

• When you declare bankruptcy, a registered trustee is appointed to manage your financial affairs. Most unsecured debts are cleared, and creditors must stop pursuing you. While bankruptcy does come with serious consequences, for many people, it offers relief, protection, and a clean slate to rebuild their future.
• Bankruptcy usually lasts for 3 years and 1 day, with some obligations continuing throughout that time.

 Key Benefits of Bankruptcy:

• Clears Most Unsecured Debts
  Credit cards, personal loans, ATO debts and other unsecured debts are wiped, giving you a chance to start over.
• Stops Legal Action & Creditor Pressure
  Once you're declared bankrupt, creditors must stop chasing you, and any legal actions to recover debts are halted.
• Protects Your Essential Assets
  In most cases, you can keep necessary items like basic household goods, tools of trade, and a car (within certain limits).
• Structured, Legal Protection
  Bankruptcy provides a formal, regulated framework to deal with debts fairly without ongoing stress or negotiation.
• A Fresh Start
  At the end of your bankruptcy period, you’re released from most remaining debts, with no further obligations to creditors.

Bankruptcy is a serious decision, but it may be the right one. We’re here to help you make an informed choice and guide you through the process with clarity and care:

• Free, Confidential Consultation
  We begin by understanding your situation and explaining the pros, cons, and consequences of bankruptcy in plain language.
• Reviewing All Your Options
  We’ll assess whether bankruptcy is your best option or whether alternatives like a Part IX Debt Agreement or Part X Personal Insolvency Agreement may be more suitable.
• End-to-End Guidance
  If you choose to proceed, we’ll prepare the necessary forms, manage your trustee appointment, and support you throughout the bankruptcy period.
• Protection and Peace of Mind
  We help you understand your rights, your obligations, and how to protect what matters most so you can move forward with confidence.

When the Debt Stops, Life Can Start Again!

If you're overwhelmed by debt and looking for a way forward, bankruptcy may offer the relief you need.

Get in touch with our team for a confidential consultation and we’ll help you make the right decision for your future.