Archive | Debt Solutions

Debt Consolidation

Debt Solutions

12/04/10

Debt Consolidation is a financial product (usually a personal loan) whereby you roll old debts into a fresh loan, ie you combine many different debts into a single loan.

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Bankruptcy

Debt Solutions

12/04/10

Australian bankruptcy is the most extreme personal insolvency regime to deal with your unmanageable debts and it may result in you losing your personal assets.   If you are an insolvent debtor you may wish to explore the options to avoid formal bankruptcy, including a Debt Agreement or a Personal Insolvency Agreement.

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Debt Agreement

Debt Solutions

11/04/10

A Debt Agreement is a legally binding repayment plan between you and your creditors and will be based on what you can afford to repay. A Debt Agreement may help you avoid formal bankruptcy.

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Personal Insolvency Agreement

Debt Solutions

11/04/10

A Personal Insolvency Agreement is a flexible way for the seriously indebted debtor owing more than $88,379.20 to reach formal agreement with creditors. Like a Debt Agreement your repayments will be based on what you can afford to repay and may help you avoid formal bankruptcy.

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