Part 9 Debt Agreements FAQs

Wondering how to buy a home with a debt agreementPart 9 Debt Agreements can provide relief from financial difficulties and debt and an alternative to bankruptcy. After that, life can be full of uncertainty and surprise events can cause problems with debt.

One option to fix debt problems could be insolvency. For instance, two forms of insolvency include part iv debt agreements and part x insolvency agreements. However, Part 9 and Part 10 differ in the level of bankruptcy. In other words, the policies and threshold will highlight which insolvency is most suitable.

Part 10 insolvency agreements are intended for when you are unable to make payments toward the debt. Furthermore, you don’t meet the financial thresholds for a debt agreement. In particular, debt agreements are where you can meet the income and other limits, and can make payments.

Part 10’s offer limited refinance options; as assets are usually sold as part of Part 10 to pay creditors. In brief, we will be providing information on debt agreements and the finance options available for you.

May 20, 2020

What is the difference between and part 9 and 10?

Part 9 Debt Agreements can provide relief from financial difficulties and debt and an alternative to bankruptcy. After that, life can be full of uncertainty and surprise […]
May 20, 2020

Can i get finance while in an insolvency agreement?

Most people in insolvency find relief in their debt agreement. Generally, the most challenging time was managing the debt before Part 9. However, now that time […]
May 20, 2020

What other debt solutions are there?

Firstly, part 9 debt agreements are suitable if you are on a low income; and fit within the DA thresholds. Secondly, full bankruptcy is most suitable when there is no […]
May 20, 2020

What information is recorded about your insolvency?

Information about your insolvency is kept on a number of databases. Importantly, these databases can be accessed by various parties. Firstly, all forms of bankruptcy are […]
May 20, 2020

Is Your Debt Consolidation Loan Really a Bankruptcy?

A debt agreement is not a debt consolidation loan. Furthermore, Part 9 refers to the Part 9 clause under the bankruptcy act of 1966. As such, it is […]
May 20, 2020

What is a Debt Agreement Administrator?

Debt Agreement Administrators are professional debt negotiators who will negotiate with creditors. Consequently, they will also work with you to obtain a budget and manage your […]
May 20, 2020

What debts can’t be included under a debt agreement?

There is a range of debts that can’t be included under a part ix debt agreement. Specifically, confirm with your creditor if insolvency can be used […]
May 20, 2020

What debts can be included under a Debt Agreement?

Most personal unsecured debts can be included under a debt agreement. Therefore, debts such as: Personal loans, credit cards and store cards. Additionally, payday loans and loans <$2000 […]
May 20, 2020

What are the pros and cons of a Part 9 debt agreement?

Debt Agreement Pro’s Certainly, debt agreements are an alternative to full bankruptcy. Above all, interest on your unsecured debts are frozen. As a matter of fact, […]