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Personal Insolvency & Bankruptcy

Helping You Break Free From the Burden of Debt So You Can Take Back Control of Your Life

If your debt has spiraled out of control and you have that sinking feeling there’s no way out, we’re here to help you get your life back on track. Since the 1980’s we’ve helped people just like you rebuild their lives and achieve the happiness they were looking for.

Whatever the reason for your personal insolvency or personal bankruptcy, we understand the stress you are going through. We set your mind at ease by clearly explaining the various options available to under the Bankruptcy Act so you they can endeavour to re-focus and re-establish yourself.

Besides helping you emerge from financial crisis, outcomes for creditors can also be optimised in some situations. For example you may seek to terminate a individual bankruptcy early by paying off your creditors in full. Alternatively you may obtain gainful employment required to make regular contributions to pay down you debt.

Here are some of the situations we have people to recover from:

  • Failed business venture and liabilities incurred on guarantees
  • Unemployment
  • Excessive use of credit
  • Adverse litigation
  • Domestic Discord
  • Ill Health


If you’ve evaluated all your options at overcoming insolvency and haven’t been able to find a solution, you may have to consider filing for bankruptcy. This usually occurs if a creditor seeks a sequestration order from the Court, or you may declare yourself bankrupt voluntarily by completing and lodging the necessary forms.


  • Provides a fair and equitable distribution of your estate to your creditors by personal financial advisory services
  • Enables you to obtain immediate relief from the pressure of all creditors and make a fresh start
  • Allows for an investigation of your financial affairs with the purpose of identifying transactions that are able to be set aside

Michael Jones and Bruce Gleeson are Registered Trustees and are able to act as Trustee in the above circumstances. They have significant expertise to provide the most appropriate solution to individual situations.

Debt Agreements

Do you have credit cards debts and or other personal loans you are unable to repay? You could consider a debt agreement as an option if you satisfy strict threshold requirements concerning the level of debts, assets and income required by legislation.


  • Provides a low cost means of resolving insolvency
  • Once creditors have accepted the agreement you are released from their debts
  • Allows you the opportunity to re-build your life while making repayments to the Administrator.

Jones Partners can help you evaluate whether you meet the debt agreement criteria and whether this is the most appropriate solution you should consider given your circumstances.

Personal Insolvency Agreements

Are you insolvent, but don’t wish to file for bankruptcy? We can help you prepare a Personal Insolvency Agreement so you can reach an agreement with your creditors and settle your debts, without facing the emotional stress of calls from debt collectors.


  • Provides a greater return to creditors than would be otherwise available under a bankruptcy.
  • Avoids the stigma of bankruptcy and provides you with a flexible framework to resolve the solvency issues of the debtor and deal with creditors claims.
Informal Agreements

Do you wish to avoid the stigma of a formal personal insolvency and would like to seek help in meeting financial obligation to a small list of creditors?

This option is preferable if you are confident of an informal agreement will provide a better result to your creditors than if you were to consider a formal personal insolvency option, such as voluntary bankruptcy.

Informal Agreements are reached outside of the auspices of the Bankruptcy Act. It is critical in such circumstances to get all creditors to agree to such arrangements (or those that the individual expresses a desire to) in order to try and bind the creditors where possible. Whilst reaching these kinds of Agreements can avoid the stigma of a formal personal insolvency option, much care needs to be taken to ensure that it is appropriate for the individual and that the key objectives can be achieved.


  • Agreement reached outside of the Bankruptcy Act and is typically appropriate when they be a small number of creditors
  • Avoids important registrations or licences being cancelled if you were to enter into a formal personal insolvency option such as bankruptcy


We have worked with many individuals in determining the appropriateness of these kinds of Agreements and assisting them in the negotiating process.

Call us now on +61 2 9251 5222 or click here to arrange an obligation free discussion to help you with a road map to relieving debt and taking back control.

Our Locations

  • Sydney CBD

    Level 13, 189 Kent Street, SYDNEY NSW 2000
    P: 61 2 9251 5222
    F: 61 2 9247 5911

  • Western Sydney

    Suite 301, Level 3 - 4 Columbia Court
    Nexus Building, Norwest Business Park BAULKHAM HILLS NSW 2153
    P: 61 2 9894 9966

  • South West Sydney

    Studio 2, Shops 10-11
    38 Exchange Parade
    P: 61 2 4647 7468

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  • Helping individuals, directors and business owners effectively deal with financial distress and a focus on the future.