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Advantages and disadvantages of Part IX Debt Agreement
Advantages of a Part IX Debt Agreement
Unsecured creditors are proscribed from taking any further step in the collection of a debt, and rely on the Administrator to collect monies, make disbursements to them and keep them fully informed as to the progress of the ‘account’.
Unsecured creditors are required to cease further accruing interest and the [...]
Alternatives to Bankruptcy – con’t
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1. An informal debt agreement.
A Common Law Debt Agreement, outside the Bankruptcy Act 1966, offering creditors settlement over time by an affordable regular payment. These agreements are usually made by persons who have:
Been bankrupt in the past 10 years but have fallen into difficulties again;
Had a previous formal debt agreement or personal insolvency agreement terminated;
Executed [...]
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In the Press 
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The Courier Mail interviews a member of our experienced debt consultancy.
Debt Management Advice
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