This is the most common question we are asked “What debts go into a debt agreement?” The answer is: “unsecured debts which are provable debts” . What this means in layman’s terms is all debts which are unsecured and are provable in bankruptcy must be included in any debt agreement proposal. We explain the difference […]
Meryl is a single woman employed as a Packing Manager who was struggling with her personal loan, credit card and secured car loan for more than 12 months before contacting Debt Free for help. Meryl was earning $80,000 p.a. which she felt was enough to repay her debts . Meryl’s troubles began when the cost […]
Read how a Debt Free helped Paul with a Debt Agreement.. Paul is a single man employed as an Interior Decorator who was struggling with his personal loan and credit card for more than 12 months. Paul was earning just under $50,000 per annum. Paul’s troubles began when he lost his job due to a […]
Will debt consolidation reduce my debt? Debt Consolidation does not reduce debt. What Debt Consolidation does is that it bundles together “old debt” into a fresh debt consolidation loan. In other words it replaces old debt with a new debt. Will debt consolidation avoid bankruptcy? If you obtain a debt consolidation loan and pay out […]
Frequently Asked Questions for Existing clients If you have entered into a Debt Agreement or a Personal Insolvency Agreement, we have prepared a series of Frequently Asked Questions to assist you in your understanding of the insolvency product you have entered into. The questions are set out below under the different headings. My agreement has […]
