Insolvent Debtor

An insolvent debtor means somebody that cannot pay their debts as and when they fall due.

Some typically signs of insolvency may include:

  • Cannot afford minimum repayments for all debts; or
  • Somebody with many accounts in arrears; or
  • Debts have been transferred to collection agents; or
  • Debts have been referred to the courts for collection; or
  • A Bankruptcy Notice has been issued against you.

Not all signs need to present for you to be considered to be insolvent.

You may complete our on-line debt advice module, which will help you establish the best debt solution for you, whether that is:

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