Debt Agreements

PURPOSE

Debt Agreements are similar to Personal Insolvency Agreements however they are only available to debtors who satisfy strict threshold requirements concerning the level of debts, assets and income. Debt Agreements typically are utilised by individuals that have credit cards debts and or other personal loans that they are unable to repay.

BENEFITS
  • It provides a low cost means of resolving insolvency.
  • Once creditors have accepted the agreement the debtor is released from their debts.
  • It allows the debtor the opportunity to re-build whilst making repayments to the Administrator.
Jones Partners is able to evaluate whether clients meet the debt agreement criteria and whether this is the most appropriate solution for them.