Australian Debt Counsellors has been a trusted partner for businesses and families facing financial challenges since 1996. With a focus on providing personalized solutions tailored to individual circumstances, they offer a range of services to help clients navigate their financial difficulties. From assessing current financial positions to exploring available options, Australian Debt Counsellors guide clients through the benefits and consequences of various strategies, including debt agreements and bankruptcy alternatives.
One of the key services offered by Australian Debt Counsellors is assisting clients in entering into Part IX debt agreements, a formal payment arrangement with creditors. By meeting specific eligibility criteria, individuals can avoid bankruptcy and work towards resolving their debts through structured payment plans. The process involves compiling and lodging a debt agreement proposal with the Australian Financial Security Authority, followed by a voting period where creditors decide on the acceptance of the proposal.
Additionally, Australian Debt Counsellors provide insights into the implications of personal insolvency agreements and bankruptcy processes. Through their expertise as a Registered Debt Agreement Administrator, they help clients understand the legal aspects and consequences of these financial decisions. By offering guidance on debt management and financial restructuring, Australian Debt Counsellors empower individuals and businesses to regain control of their financial well-being.