ITSA Registered Debt Agreement Administrator
Debt Free is a Registered Debt Agreement Administrator (Reg. No. 1098) and is regularly inspected by ITSA.
Tag Archive | "Debt Agreement"
Debt Agreement
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.
Continue reading...Personal Insolvency Agreement
Sunday, April 11, 2010
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.
Continue reading...One if five cases choose debt over bankruptcy
Friday, March 12, 2010
Bankruptcy levels in the past financial year were at their second highest on record but one in five struggling borrowers facing financial ruin chose to enter into a debt agreement rather than surrender their assets.This month marks the first anniversary of new laws that stop debt agreement administrators charging battlers upfront fees before creditors are [...]
Continue reading...ITSA Bankruptcy Statistics 2008/2009
Friday, March 12, 2010
The Insolvency Trustee Service Australia has released the 2008/2009 Personal Insolvency Statistics. The statistics reveal the following: 11% annual increase in total Personal Insolvency appointments 29% annual increase in Debt Agreement appointments The statistics reveal that many Australians (8,567) in the last 12 months (July 2008 to June 2009) avoided formal bankruptcy by entering into a legally binding Debt [...]
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Sunday, April 11, 2010
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