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Should i Apply for a Part 9 Debt Agreements |
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Should i Apply for a Part 9 (IX) Debt Agreement
What are the Criteria for Applying for a Part 9 (IX) Debt Agreement?
Below is a list of Criteria that was up to date as of 4th July, 2006. For more up to date information you should see the latest edition of the Bankruptcy Act.
You may not Apply for a Part 9 Debt Agreement under the following conditions:
- You have an after tax income that exceeds $55,719.30.
- You have Unsecured Debts who's value exceeds $74,292.40.
- You own unsecured Assetts who's value exceeds $74,292.40
- In the last 10 years you have not be bankrupt, or entered into another Part 9 Debt Agreement or Part 10 Personal Insolvency Agreement (Part X).
There may be other criteria not listed above. If considering a Part 9 or Part 10 Agreement there may be an Unsecured Personal Loan Alternative. See Bad Credit Personal Loans .
Related Information:
- What is a Part 10 (Part X) Personal Insolvency Agreement?
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