If you’re struggling with unmanageable debt
and feel like you’ve tried everything, rest assured there are still paths you can take to help with your situation. Debt Agreements, Bankruptcy and Personal Insolvency Agreements are ways of dealing with debt when other options haven’t worked. Personal Insolvency and Debt Agreements allow you to negotiate with creditors and pay your debts, In instalments…
By the sale of assets…
Or with a lump sum you can afford. You can also apply for some short-term relief while you consider your options and to help you get back on your feet. If you can’t reach agreement with the people you owe money to, you can apply for bankruptcy. This way, you may keep some assets… while others are sold to repay your debts. Each option has different conditions, restrictions, and serious consequences. To find out more and view a simple comparison chart just log on to the AFSA website. Armed with the facts, you can then choose the path that’s right for you.