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A personal insolvency agreement is a flexible way to come to an agreement with your unsecured creditors.

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Benefits of a personal insolvency agreement:

  • May pay back less than what you owe
  • Transfer an asset to settle the debt
  • Make regular, affordable repayments
  • May not have to pay any more interest

A personal insolvency agreement is similar to a debt agreement, however there are differences in criteria.

Unlike a debt agreement, a personal insolvency agreement requires the process to be overseen by a Trustee as opposed to an Administrator. This makes the process slightly more formal than a debt agreement as the Trustee will need to report back to your creditors.

Still have questions? Visit our FAQs page for more information on personal insolvency agreements, call us on 133 493 or request a call back.

Our Personal Insolvency Agreement Process

Personal Insolvency Agreement Process

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