Debt Relief Assistance

If you find yourself feeling the pinch, struggling to meet minimum repayments on debts, falling behind on payment arrangements or receiving angry calls from creditors – it can get overwhelming. At Brisbane Debt Solutions, our team of experts are able to help take the weight off your shoulders and help you focus on more productive matters while knowing that your debts are being handled by an expert.

Our team are able to assess your personal circumstances, outline the options and provide you with a strategy to reduce, resolve or wipe your debts.

How can Brisbane Debt Solutions Help?

Brisbane Debt Solutions can help in many ways. Depending on the circumstances, your options will vary; however, in essence, the following options are available and our team can help you by:

• Negotiating informal payment or settlement arrangements with your creditors;
• Preparing a Part IX debt agreement – this is a formal agreement whereby you make an offer to your creditors as a whole, on terms you can afford, which, if accepted is binding and prevents further recovery action being taken against you while you adhere to that arrangement (there are limits to this);
• Preparing a Part X personal insolvency agreement – similar to the part 9 debt agreements except, there are no limits on the amount of debt you can compromise, assets involved and income you can earn;
• Assisting you in entering bankruptcy and appointing a bankruptcy trustee – bankruptcy will wipe most of your unsecured debts (owing at the date of bankruptcy) and can wipe the slate clean. However, bankruptcy can impact your assets, occupation, travel and income – this should be viewed as the final resort.

Debt can place an enormous amount of stress on not only the individual, but also your family and friendships. Noticing the warning signs that you are experiencing financial difficulty is key to being able to turn things around.

It is never too early or late to discuss the best way to address your debt.  Relief is just around the corner. Speak to an expert today.